Fiji Releases 2019-20 Budget

On 7 June 2019, the Fiji Ministry of Economy released the 2019-2020 Budget. The tax-related measures of the budget include the following:

Major Income Tax Policy Changes

• The tax deduction allowed for Fiji National Provident Fund (FNPF) contributions by employers will be increased from 50% to 100%;
• Loss carry forward provision will be extended from four years to eight years to grant financial reprieve to struggling businesses with effect for new losses incurred in and after the 2019 tax ye…