TAX FREE REGIONS

This incentive is available to a newly incorporated entity engaged in a new business established in the following areas; Vanua Levu – included Taveuni, Rabi, Kioa and other islands generally included for Government administrative purpose in the Northern Division, Rotuma, Kadavu, Lomaiviti, Lau and Nausori Lautoka region (from Nausori Airport side of the Rewa River (excluding township boundary) to the Ba side of the Matawalu River. Any company may apply to the Minister for Finance in a prescribed form for an operating license.

TAX EXEMPTIONS AVAILABLE

The income tax exemption is as follows:

• Capital investment from FJ$250,000 toFJ$1,000,000, for a period of 5 consecutive years; or
• Capital investment from FJ$1,000,000 toFJ$2,000,000, for a period of 7 consecutive years; or
• Capital investment above FJ$2,000,000 for a period of 13 consecutive years.

BENEFITS UNDER THE TAX-FREE REGION

• Duty concession on the importation of raw materials, machinery and equipment (including parts and materials) required for the initial establishment of the business at rates of Free Fiscal, Free Import Excise and VAT applicable.
• Additional 5 years of income tax exemption is available to any company granted a license and having indigenous Fijian landowner equity of at least 25 percent.

CUSTOMS CONCESSION

Concession code 252 on Companies or entities involved in mining industry will be extended to include companies involved in mining exploration.

WATER EXTRACTION & BOTTLINGBUSINESS

Any existing or new businesses involved in the extraction and bottling of water will be exempt from Income Tax for 7 years.