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The Fiji Government has removed “remittance taxes” charged on investors in a move to attract more foreign money in to the country.
The measures are now formally in place after the authority to abolish it was announced in last November’s national budget.
Fiji Islands Trade and Investment Bureau chief executive Annie Rogers told FijiLive foreign investors would be attracted by the new law since its practice was previously an “impediment to them” setting up business in Fiji.
The remittance tax was charged on top of corporate taxes imposed on investors.
“That was a disincentive for investors and so yes, the repealing of that tax is definitely a big plus,” Rogers said.
