Domestic spending boosts revenue collection – FBC News

Fiji’s Revenue and Customs Service collected over $40 million in domestic value added tax, the highest amount in 18 months.

Managing Director Mark Dixon says the collections indicate strong performance by local businesses.


“Domestic VAT recorded a total collection of $43.9 million and is the highest in the last 18 months. This is largely due to improved economic activity in December 2021, coupled with the reopening of the international border and high holiday spending.

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He confirms that January revenue exceeded forecasts by $154 million, beating their expectations by $9.5 million.

Fiji Revenue and Customs Service.

Consumption-related taxes are also rebounding with significant growth in domestic VAT, import VAT, fiscal duties and domestic excise duties.

Dixon says the strong revenue performance is tied to the return of the tourism dollar and its positive spillovers to all sectors of the economy.

“Positive revenue collection versus the December 2021 and January 2022 forecast led to a six-month cumulative collection of $781.5 million, resulting in a positive variance of $17.4 million or 2.3 %.”

Improved local economic activity has also resulted in positive demand for imported goods, which means that the FRCS collects more VAT and import tax duties.


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