按地区划分的税率 Fiji

Following the bill’s enactment, it’s likely that the registration procedures will stay largely the same.

For individual entrepreneurs looking to register, the necessary documents to be submitted include:

A filled-out application form for the registration of an individual entrepreneur (Form IRS001);
An additional VAT Registration Form (Form IRS018);
Proof of identity, which can be a driver’s license, foreign passport, or voter registration card.
For companies, the required documents are slightly different:

An Application for Registration of Companies, Partnerships, or Trusts (Form IRS003);
An additional VAT Registration Form (Form IRS018);
A copy of the Registration Certificate and the company’s Memorandum or Charter.

If you pay your taxes late, you’ll be fined 25% of any remaining unpaid tax. Additionally, for each month of delay, an extra 5% will be added to the balance of unpaid tax.

If you submit your taxes late, you’ll be penalized 20% of any unpaid tax. Just like with late payments, an extra 5% will be added for each month of delay on the balance of unpaid tax.

If you evade VAT, you’ll be hit with a hefty fine of 300% of the payable tax.

If you’re registered as a VAT payer and fail to reflect the new VAT rate in the prices of goods and services, you could face a fine of up to $50,000. If convicted, the fine could go up to $100,000 or you could face up to ten years in prison.

If you fail to submit a declaration within the prescribed period, additional punitive measures may be applied. These could include a court fine of up to $25,000, imprisonment for up to 10 years, or both a fine and imprisonment.