Fiji: Taxes and Costs

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Effective Tax Rate on Rental Income
Monthly Income	US$1,500	US$6,000	US$12,000
Tax Rate	15.5%	20.7%	21.2%
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INDIVIDUAL TAXATION

INCOME TAX

Nonresident foreigners are taxed on their Fiji-sourced income. Married couples are assessed and taxed jointly. However, the wife can elect separate taxation with regard to her personal income (employment income, inheritance, own savings, and assets acquired from her own savings).

Rental Income

Rental income earned by nonresidents is taxed in Fiji. 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. The income tax rates for nonresidents are as follows:

CAPITAL GAINS TAX

Capital gains earned 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.

CORPORATE TAXATION

INCOME TAX

Nonresident companies earning income from renting out property are subject to a flat corporate tax rate of 31%. Income-generating expenses are all deductible in computing for the taxable income.

Fiji - more data and information

• Guide to buying houses and registering property sales in Fiji

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