The Fiji Revenue and Customs Service (FRCS) has published the implementing acts for the National Budget Amendments 2023-2024. The different acts are in line with the original drafts for the implementation of the budget measures and are generally in force from 1 August 2023 unless otherwise specified. Some of the main direct tax and tax administration measures are summarized as follows:
- The corporate tax rate is increased from 20% to 25% from tax year 2023;
- The reduced corporate income tax r…