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Fiji Economy Ministry Announces 2021-22 Budget Measures

July 21, 2021, 5:00 AM

The Fijian Ministry of Economy July 16 announced the 2021-2022 budget measures. The announcement includes measures that would: 1) provide a 20-year income tax holiday to business process outsourcing (BPO) operators and investments above 40 million Fijian dollars (US$19.2 million) in tourism; 2) extend the 5-year income tax holiday regime for investments in hotel renovations and refurbishments; 3) introduce up to 20-year income tax exemptions for investments from 2 million dollars (US$962,605) in buildings and infrastructure for BPO; 4) extend the 60 percent export income deduction regime to Dec. 31, 2024; 5) provide income tax exemptions to unit trusts; 6) ...

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