Major initiatives have been announced in the 2014 National Budget to assist the sporting bodies in the country.
$2 million is allocated for the “Engagement of Overseas Coaches Program” to recruit international coaches to help develop Fijian athletes and improve Fiji’s international and regional rankings.
Prime Minister Commodore Voreqe Bainimarama said sporting bodies can submit applications that will be assessed on merit.
Advertisements for this will be published within the next few weeks.
Any corporate entity that provides additional funding to help recruit international coaches will receive a 150 percent tax deduction on contributions between $100,000 and $200,000.
Commodore Bainimarama has also announced that the threshold for the Sports Sponsorship Incentive of a 150 percent tax deduction has been lowered from $100,000 to $50,000 to encourage sponsorship of more sporting events in Fiji.
$500,000 has been allocated for hosting international sporting tournaments and $200,000 is allocated for overseas sporting tours, $200,000 for sports scholarships, and an additional $200,000 for sports outreach programs.
Story by: Fijivillage Team
