Fiji Releases 2019-20 Budget

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…