The Fiji Revenue and Customs Service has recorded $91.9 million in VAT refunds at the end of January 2022.
FRCS CEO Mark Dixon attributed the positive performance to improved strategies and a strong commitment by FRCS to honour its obligation to taxpayers.
Dixon says it is important that refunds are released by FRCS on time, just as FRCS seeks tax payments to be made on time.
He says given the impacts of COVID-19 and the recent floods, the release of VAT refunds can greatly assist in business cash flows.
Dixon also says FRCS is holding a significant number of VAT refunds, which they would like to return to taxpayers but cannot release until they file their outstanding tax returns.
He says as a proactive approach, FRCS will be publishing a list of Taxpayer Identification Numbers of those taxpayers who qualify for VAT refunds but are yet to file the returns.
These refunds will be released to taxpayers as soon as they meet their filing requirements.
He has encouraged taxpayers seeking clarification or needing further assistance to call them on 3243000 or 1326 or email them at info@frcs.org.fj.
