Trade & Investment Incentives

FIJI OFFERS ATTRACTIVE INCENTIVES


HOTEL INDUSTRY
Investment allowance (in addition to ordinary depreciation) of 55% of total capital expenditure is allowed as a deduction provided there is no shift of tax revenue to other countries.
Applicable to building of new hotel including renovations or refurbishments or extensions of existing hotel and International Retiree Facilities.

AUDIO VISUAL INDUSTRY
150% deduction for capital expenditure on an F1 audio-visual production.
125% deduction for capital expenditure on an F2 audio-visual production.

AGRICULTURE INDUSTRY
The income of any new activity in commercial agricultural farming and agro-processing approved and established from 1 January 2010 to 31 December 2014 shall be exempt from tax for 10 consecutive fiscal years with a capital investment of $2,000,000 or more.

MANUFACTURING INDUSTRY
100% of the amount of investment as a deduction for investing in food processing as well as forestry.
5 year tax holiday is available to a taxpayer undertaking a new activity in renewable energy projects and power cogeneration.
Duty free importation of renewable energy goods.

ICT INDUSTRY
Income tax exemption is available to ICT investors under the following criteria:-
Business employs 50 employees
60% of its total services exported

TAX FREE REGIONS
Available to newly incorporated entity established in the following areas:-
Vanua Levu - included Taveuni, Rabi, Kioa, and other northern islands.
Rotuma, Kadavu, Levuka, Lomaiviti and Lau.
The minimum level of investment should be $250,000.
Tax and duty exemption are also available should you wish to set up your operations in one of these tax free areas.

FIJI MY SECOND HOME
Is open to citizens of other countries recognized by Fiji in the “Fiji My Second Home Programme” as administered by the Reserve Bank of Fiji.
If age below 50 - minimum deposit of $150,000 and maintain the deposit in Fiji for a minimum of two years.
If age above 50 - minimum deposit of $100,000 and maintain the deposit in Fiji for a minimum of two years.
To qualify the applicant must maintain a minimum balance of $50,000 from the 3rd year onwards and throughout the stay in Fiji.

FOREIGN CURRENCY ACCOUNT SCHEME
Interest income is exempt from tax which accrues to or in favor of a non-resident including former Fiji residents who hold funds in Fiji commercial bank accounts under the following criteria:

For foreign currency accounts, interest income for deposit above the equivalent of FJD$150,000;
For Fiji Dollar accounts, any amount of interest income.

OTHER INCENTIVES

Employment Taxation Scheme – 150% of the salary and wages paid within 1 January 1997 and 31 December 2012 are tax deductible. The deduction is restricted to salary and wages paid in respect of 12-month period commencing from the date of the appointment of the employee provided he or she has not previously been in full-time paid employment.
Reduce Corporate Tax Rate to 20%.
The marginal income tax rate for lower band 7%; the rate for middle income tax band 18%, and the income tax marginal rate for the top band 20% in line with the corporate tax.

Fiji offers a highly competitive taxation package, with attractive taxation rules for private investors.

All incentives and concessions have specific eligibility criteria. The Fiji Revenue & Customs Authority administers the above tax exemptions and duty concessions. 

 For further details on incentives, please download Fiji's Incentives Offered for 2012.