INDIVIDUAL TAXATION

Non-resident 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).

INCOME TAX

Income is taxed at progressive rates.

Non-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
• Widow or widower allowance of FJD1,000 (US$548)

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.

CORPORATE TAXATION

INCOME TAX

Companies earning income and capital gains in Fiji are subject to a flat corporate tax rate of 31%. Income-generating expenses are all deductible in computing for the taxable income.