INDIVIDUAL TAXATION

Residents are taxed on their worldwide income. Married couples are required to file joint tax returns but married women earning annual income exceeding FJD1,200 (US$658) may elect for separate assessment.

INCOME TAX

Income is taxed at progressive rates.

Residents are entitled to the following allowances:

• Wife allowance of FJD1,200 (US$658), provided that the wife does not elect for a separate assessment
• Child allowance of FJD500 (US$274) per child for the first two children and FJC300 (US$164) for each of additional three children
• Widow or widower allowance of FJD1,200 (US$658)

RENTAL INCOME
The taxable income is gross rent less income-generating expenses. Allowable deductions in calculation of taxable income are land rent (if any), local authority rates, property insurance, depreciation, repairs and maintenance. The depreciation rate for buildings is generally 1.25% per annum.

CAPITAL GAINS
Capital gains realized from selling property are generally not taxed in Fiji. However, capital gains from selling property which was acquired with the intention of earning profit or disposed within 3 years of acquisition are treated as ordinary income and taxed at the standard income tax rates.

PROPERTY TAX

There are no property taxes in Fiji.