The Capital Markets Development Authority has welcomed the initiatives and the budgetary allocation announced by the Interim Government in the 2009 National Budget aimed at bolstering the development of Fiji's capital market industry.
Chief Executive Mereia Volavola said the tax exemption from dividends will benefit many individuals and ordinary households as this will encourage investment.
The dividend exemptions will be reinstated for the following entities: Unit Trust of Fiji, Fijian Holdings, Fijian Holdings Property Trust Fund, Colonial First State Income and Growth fund and Colonial First State Income Fund which becomes effective from the New Year.
Capital Markets Development Authority Welcome Initiatives
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