The Fiji Islands Revenue and Customs Authority said major milestones have been achieved as far as tax revenue collections are concerned
for 2009.
FIRCA Chief Executive Officer Jitoko Tikolevu said they surpassed the revised projected revenue by 24.1 million dollars and collected more than 1.212 billion dollars last year.
Tikolevu said it was also a record year for debt collection last year.
Tikolevu also said they made record collections in December with no Tax Amnesty in place.
FIRCA Acting Chairman Lt. Colonel Pio Tikoduadua said Net Income Tax collection for 2009 amounted to $451.9million, which was 4.4% higher than 2008.
Similarly, the Net VAT collection recorded $402.6million 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 forecast.
Major milestones achieved-FIRCA
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