Incentives

Investment allowance (in addition to ordinary depreciation) of 55% of total capital expenditure is allowed as a deduction provided there is no shift of tax revenue to other countries.

Applicable to building of new hotel including renovations or refurbishments or extensions of existing hotel and International Retiree Facilities.

150 % deduction for capital expenditure on an F1 audio-visual production.

125% deduction for capital expenditure on an F2 audio-visual production.

The income of any new activity in commercial agricultural farming and ago-processing approved and established from 1 January 2010 to 31 December 2014 shall be exempt from tax for 10 consecutive fiscal years with a capital investment of $2,000,000 or more.

100% of the amount of investment as a deduction for investing in food processing as well as forestry.

5 year tax holiday is available to a taxpayer undertaking a new activity in renewable energy projects and power cogeneration.

Duty free importation of renewable energy goods.

Income tax exemption is available to ICT investors under the following criteria:

• Business employs 50 employees
• 60% of its total services exported

Available to newly incorporated entity established in the following areas:

• Vanua Levu – included Taveuni, Rabi, Kioa, and other northern islands.
• Rotuma, Kadavu, Levuka, Lomaiviti and Lau.

The minimum level of investment should be $250,000.
Tax and duty exemption are also available should you wish to set up your operations in one of these tax free areas.

Is open to citizens of other countries recognized by Fiji in the “Fiji My Second Home Programme” as administered by the Reserve Bank of Fiji.

If age below 50 – minimum deposit of $150,000 and maintain the deposit in Fiji for a minimum of two years.

If age above 50 – minimum deposit of $100,000 and maintain the deposit in Fiji for a minimum of two years.

To qualify the applicant must maintain a minimum balance of $50,000 from the 3rd year on-wards and throughout the stay in Fiji.

Interest income is exempt from tax which accrues to or in favor of a non-resident including former Fiji residents who hold funds in Fiji commercial bank accounts under the following criteria:

• For foreign currency accounts, interest income for deposit above the equivalent of FJD$150,000;
• For Fiji Dollar accounts, any amount of interest income.

Employment Taxation Scheme 0 150% of the salary and wages paid within 1 January 1997 and 31 December 2012 are tax deductible. The deduction is restricted to salary and wages paid in respect of 12-month period commencing from the date of the appointment of the employee provided he or she has not previously been in full-time paid employment.

Corporate Tax Rate 20%.

The marginal income tax rate for lower band reduced to 7%; the rate for middle income tax band reduced to 18%, and the income tax marginal rate for the top band reduced to 20% in line with the corporate tax rate.