5 Part 2: Indirect Tax Measures (i) Value Added Tax Act Policy Description 1.VAT Monitoring System (VMS) The implementation of the VAT Monitoring System as â¦ In his speech on the Economy, the Minister for Finance and Planning Hon Dr Philip Mpango reported that in 2020, the national GDP growth is expected to slightly decline from the previous estimates of 6.9% to 5.5%. The Fiji Revenue & Customs Service is the major funder of the National Budget. 3. Apart from our primary mandate, FRCS continues to partner and support other government initiatives as needed. 2020/2021 National budget bulletin Navigating through uncertainty . In the 2020-2021 financial year, FRA plans to undertake the following projects: (i) completion of the three year !Debt Forgiveness As announced in the COVID-19 Response Budget, debt forgiveness is not subject to income tax for all debt outstanding forgiven from 1 April 2020 up to 31 December 2020. ! The 2019-2020 Fiji National Budget was today presented to the nation by the Attorney-General and Minister for Economy, Civil Service and Communications, Honourable Aiyaz Sayed-Khaiyum. This Budget is for the fiscal year from 1 August 2019 to 31 July 2020 and outlines Governmentâs overall fiscal strategy and â¦ Fiji National Budget Summary 1 August 2020 to 31 July 2021; Fiji's Economic Recovery Plan - " Post Budget Discussions" Fiji Covid19 Safe - Economic Recovery Framework issued June2020; COVID-19 Concessional Loan Packages for Micro, Small and Medium Enterprises; Reserve Bank of Fiji Offers Financial Lifeline to Fijian Businesses - 13/2020 2019 â 2020 BUDGET REVENUE POLICIES â TAX AND CUSTOMS 6 Part 2: Indirect Tax Measures (i) Value Added Tax Act Policy Description 1. FCCI provides a forum for businesses and other organizations to examine and better comprehend the nature and significance of the major shifts taking place in the Fijian economy. Fiji Chamber of Commerce & Industry, 8th Floor, BSP Life Centre 3 Scott Street Suva, Fiji. The $3.67billion Budget outlined a list of tax reforms, the biggest tax reforms announced ever in Fiji. ... effects exported from Fiji will be removed. The Supplement to the 2020-2021 Budget Address discusses Fijiâs current macroeconomic and fiscal position and forward projections for the next three years. VAT exemption on importation of aircraft and vessel. AG gives a summary about the number of ... Skipper Cup / Farebrother Sullivan Trophy Challenge Fiji Budget Super Rugby AOTEAROA ... responding to the opening of the 2020-2021 Parliament Session. To assist the airline and shipping companies in Fiji, licenced under Civil Aviation Act 1976 and Maritime Transport Act 2013 respectively, Our strategic plan is aligned with the Governmentâs national plan to ensure sustainable and effective performance. Fiji National Budget Summary - 2020/2021. Response Budget and was valid until 31 December 2020. for the 2020-2021 Budget allocation of $87.5 million are as follows: Government of Fiji - $7.5 million; Asian Development Bank - $60.0 million; and World Bank - $20.0 million. The Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum, last night announced a $3.67 billion national budget for the financial year 2020-2021, aimed at the recovery of the Fijian economy after the â¦ The 2019 â 2020 Fiji National Budget was delivered this evening by the Attorney- General and Minister for Economy, Civil Service and Communications, the Honourable Aiyaz Sayed-Khaiyum. This waiver continues to apply for the next 3 years. The 2020-2021 Budget builds on key measures introduced in the COVID-19 Response Budget to support economic recovery, rejuvenate private sector â¦ Effective from 1 April 2020 to 31 December 2020.