Subscribe to Fiji Sale - Lists Properties on Mortgagee Sale in Fiji
Powered by groups.yahoo.com

This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
To contact the authors of this blog, please call telephones (679) 3342719, (679) 3544897 or e-mail info@gilbert.com.fj.


Sunday, June 25, 2006

Other appropriate incentives required to encourage investment rather than tax alone

A pure flat taxation regime without appropriate investment incentives is not the right model for Fiji, says Finance Minister, Ratu Jone Kubuabola. The Minister said that the country still had huge development challenges which needed to be addressed.

The Minister said that Fiji needed to increase the capacity of underdeveloped rural areas which had the potential to significantly contribute to economic growth. He said this was not possible unless appropriate incentive systems were in place to bolster investment in these areas.

The Minister added that Fiji needed to increase its export base, both on commodities and services, to strengthen the country's external and economic positions with these being facilitated through focused and performance-based incentives.

The Finance Minister said that like any other taxation systems, Fiji's was not perfect and should always go through continuous refinements. The last taxation review was 2 years ago with some recommendations from the review gradually built into the country's taxation system as others follow.

Note from GV : Foreign investors that wish to invest or set up business in Fiji should note that there are various incentives depending on the industry they wish to invest or set up business in. For more information, you can visit the Fiji Islands Trade and Investment Bureau's website at www.ftib.org.fj. If you require assistance regarding the procurement of appropriate licences, permits and approvals, our company, Gilbert & Samuels Company Limited, can assist you. Our telephone contact is +679 3396427 or +679 9921427 and our e-mail is gilbert@connect.com.fj.

0 Comments:

Post a Comment

<< Home