Verified Facts
The tax rates in Fiji range from 0% to 20% for personal income, with a corporate tax rate of 20% and a value-added tax (VAT) rate of 9%, making it an attractive destination for expats and foreign investors.
Tax laws change frequently. Always consult a qualified tax professional for advice specific to your situation. This is a general guide only.
Quick Facts
Tax System Overview
Fiji has a territorial taxation system, meaning that individuals and companies are only taxed on their Fiji-sourced income. However, worldwide taxation applies to residents, who are taxed on their worldwide income, with credits available for taxes paid in other countries. To be considered a tax resident in Fiji, an individual must have been present in the country for at least 183 days in a calendar year, or have a permanent home in Fiji and be present in the country for at least 30 days in a calendar year.
The tax system in Fiji is relatively straightforward, with a focus on simplicity and ease of compliance. The Fiji Revenue and Customs Service (FRCS) is responsible for administering the tax system, including collecting taxes, providing taxpayer services, and enforcing tax laws. Taxpayers can register for a tax identification number (TIN) online or through a tax agent, and are required to file tax returns annually.
Personal Income Tax
| Income Bracket (FJD) | Tax Rate |
|---|---|
| 0 - 30,000 | 0% |
| 30,001 - 50,000 | 8% |
| 50,001 - 100,000 | 15% |
| 100,001 - 180,000 | 18% |
| 180,001 and above | 20% |
| Personal income tax rates in Fiji are progressive, with higher income earners paying a higher tax rate. Taxpayers are entitled to various deductions and allowances, including a personal allowance of FJD 16,000, and deductions for mortgage interest, charitable donations, and medical expenses. Tax returns must be filed by April 30th of each year, and taxpayers can file online or through a tax agent. |
Corporate & Business Tax
- The corporate tax rate in Fiji is 20%, applicable to both resident and non-resident companies.
- Small business incentives are available, including a reduced tax rate of 10% for small businesses with an annual turnover of less than FJD 1.5 million.
- Free zones are available, offering tax exemptions and other incentives to companies operating in specific industries, such as manufacturing and tourism.
- Companies must register with the FRCS and obtain a TIN, and are required to file annual tax returns and pay taxes by April 30th of each year.
- Value-added tax (VAT) registration is required for businesses with an annual turnover of FJD 100,000 or more.
VAT / Sales Tax
- The standard VAT rate in Fiji is 9%, applicable to most goods and services.
- Reduced rates of 0% and 5% apply to certain goods and services, such as basic food items, healthcare, and education.
- Exemptions are available for certain goods and services, such as financial services, insurance, and residential rentals.
- A tourist refund scheme is available, allowing tourists to claim a refund of VAT paid on certain goods and services.
For Expats & Foreign Workers
- Tax residency rules apply to individuals who have been present in Fiji for at least 183 days in a calendar year, or have a permanent home in Fiji and are present in the country for at least 30 days in a calendar year.
- Fiji has double taxation treaties with 7 countries, including Australia, New Zealand, and the United Kingdom, to prevent double taxation of income.
- Social security contributions are required for employees and employers, with a contribution rate of 8% for employees and 10% for employers.
- Remittance rules apply to foreign workers, who are required to remit taxes on their worldwide income to the FRCS.
- Expats and foreign workers may be eligible for a tax exemption on their foreign-sourced income, subject to certain conditions.
- A temporary tax exemption may be available for foreign workers who are in Fiji on a temporary basis.
Crypto & Investment Income
- Investment income, including dividends, interest, and rental income, is taxed as ordinary income, with tax rates ranging from 0% to 20%.
- Cryptocurrency is considered a taxable asset, with gains subject to capital gains tax, which is included in the income tax rate.
- Dividends received from a Fijian company are subject to a withholding tax of 15%, which can be reduced or eliminated under a double taxation treaty.
- Interest income earned on Fijian-sourced investments is subject to a withholding tax of 15%, which can be reduced or eliminated under a double taxation treaty.