Tax revenue collection in 2009 was buoyant.
Those were the words of FIRCA Acting Chairman Lt. Colonel Pio Tikoduadua after the net tax revenue collection for 2009 totaled $1,212.2 million surpassing the revised projected revenue by $24.1million.
Tikoduadua said he was satisfied with this performance as it was achieved on the backdrop of a challenging environment created by the floods in January 2009, the repercussions of the global recession on our domestic economy and the cyclone in December last year.
He added Net Income Tax collection for 2009 amounted to $451.9 million, which was 4.4% higher than 2008.
Similarly, the Net VAT collection recorded $402.6 million which was mainly driven by relatively good collection from Domestic VAT which increased by 5.4%.
Tikoduadua said the 2009 revenue collection would have been the highest ever achieved by FIRCA had VAT refunds remained at the 2008 levels or as originally forecasted.
2009 revenue collection good
Related Stories
We are committed to holding elections – Siromi Turaga
Questions were raised during Dialogue Fiji’s Constitution review discussion on whether the government can delay the general elections and complete the Constitution review however Acting Attorney General Siromi Turaga
Fijian economy on track to grow for fourth consecutive year in 2025 by 3.4%
The Fijian economy is on track to grow for the fourth consecutive year in 2025 by 3.4 percent, following a 3.5 percent expansion in 2024. The growth forecast is revised up marginally from the 3.2 percent projected
Heavy Rain Alert for Eastern Viti Levu, Southern Bua, Cakaudrove, Taveuni and maritime areas
A heavy rain alert is now in force for the eastern half of Viti Levu (Navua–Suva–Nausori to Serua–Namosi to Tailevu–Naitasiri–Ra areas), southern Bua, Cakaudrove, Taveuni and nearby smaller islands, the Lau an
We need to dismantle criminal enterprises, hitting them where it hurts most - Speaker
Speaker of Parliament, Filimone Jitoko has highlighted during the opening of the Office of the Director of Public Prosecutions Conference that there is a need for prosecutors in the country to master the digital frontie
Fiji has learned from its past and we know that restricting media engagement or access is not the answer - Tabuya
At all times, the public interest in accessing information and the media’s role in scrutinising government must outweigh any unilateral power to silence or sideline a news outlet. In Fiji, we uphold the principle that
Wailea resident raises concerns about drug issues raised countless times with Police while COMPOL says official complaint must be lodged
Wailea Settlement Community leader, Inoke Utona says he has raised the issue of drug use and dealing in their area countless times with the authorities but there has still been no response from Police. However when