Income tax in Fiji

October 01, 2018

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$680) may elect for separate assessment.

INCOME TAX

Income is categorized according to different sources: (1) income from business or an independent profession, (2) employment income, and (3) other income including interest, rent, royalty, profits, dividends, and income received by way of an annuity or pension. Income is taxed at progressive rates.

INCOME TAX 2017 FOR RESIDENTS

TAXABLE INCOME, FJD (US$) TAX RATE
Up to 16,000 (US$8,000) 0%
16,000 - 22,000 (US$11,000) 7% on band over US$8,000
22,000 - 50,000 (US$25,000) 18% on band over US$11,000
Over 50,000 (US$25,000) 20% on all income over US$25,000
Source: Global Property Guide

Social Responsibility Tax
Social responsibility tax is levied at progressive rates.

SOCIAL RESPONSIBILITY TAX 2017

TAXABLE INCOME, FJD (US$) TAX RATE
Up to 270,000 (US$135,000) 0%
270,000 - 300,000 (US$150,000) 13% on band over US$135,000
300,000 - 350,000 (US$175,000) 14% on band over US$150,000
350,000 - 400,000 (US$200,000) 15% on band over US$175,000
400,000 - 450,000 (US$225,000) 16% on band over US$200,000
450,000 - 500,000 (US$250,000) 17% on band over US$225,000
500,000 - 1,000,000 (US$500,000) 18% on band over US$250,000
Over 1,000,000 (US$500,000) 19% on all income over US$500,000
Source: Global Property Guide

Residents are entitled to the following allowances:

  • Wife allowance of FJD1,200 (US$600), provided that the wife does not elect for a separate assessment
  • Child allowance of FJD500 (US$250) per child for the first two children and FJC300 (US$150) for each of additional three children
  • Widow or widower allowance of FJD1,000 (US$500)

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 tax is levied at a flat rate of 10%. Taxable capital gains are calculated by deducting acquisition costs and incidental expenses from the selling price or market value of the property.

PROPERTY TAX

There are no property taxes in Fiji.

CORPORATE TAXATION

INCOME TAX

Companies earning income and capital gains in Fiji are subject to corporate income tax at a flat rate of 20%. Income-generating expenses are all deductible in computing for the taxable income.

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