We are hoping that the tax incentives for this year remain for next year.
These are the sentiments of Fiji Islands Hoteliers Association President Dixon Seeto regarding the Tourism Incentive Package for this year which is included in two parts, the Standard Allowance and the Hotel Incentive Package.
For this year, the Standard Allowance provides for 55% investment allowance on total capital expenditure as long as there is no shift of revenue offshore.
Under the Hotel Incentive Package, any hotel development in the Tax Free Region that entails 25% equity by indigenous Fijian land owners, will qualify for an additional 7 year tax holiday on top of the 13 years given under the TFR.
For new hotel projects set up in other parts of Fiji, in which indigenous Fijian land owners own at least 25% equity will qualify for ten years tax holiday.
Association wants tax incentives to remain
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