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Fiji Releases 2019-20 Budget

|Proposed Changes|Fiji
Fiji

On 7 June 2019, the Fiji Ministry of Economy released the 2019-2020 Budget. The tax-related measures of the budget include the following:

Major Income Tax Policy Changes

  • The tax deduction allowed for Fiji National Provident Fund (FNPF) contributions by employers will be increased from 50% to 100%;
  • Loss carry forward provision will be extended from four years to eight years to grant financia…

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