In Fiji:

May 31, 2024, 11:18 am
Fiji News

Fiji joins global effort to combat tax evasion

Mereoni Mili
Journalist | [email protected]
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Fiji has officially joined the Group of Twenty or G20 Organisation for Economic Co-operation
and Development (OECD) Inclusive Framework on Base Erosion and Profit Shifting (BEPS), a
global initiative to fight tax avoidance and ensure fair tax practices.

This move aligns Fiji with 146 countries working together to promote tax transparency and equity.

FRCS says joining the Inclusive Framework helps Fiji improve its international tax reputation.

It enhances Fiji’s chances of being removed from the European Union’s  list of non-
cooperative tax jurisdictions, known as the EU Blacklist.

The Fiji Revenue and Customs Service, supported by the government, is dedicated to implementing the necessary standards and initiatives for greater tax fairness.

As a member of the Inclusive Framework, Fiji has also committed to addressing the tax challenges arising from the economy’s digitalization.

Fiji will participate in the Two-Pillar Solution, which aims to reform international tax rules to ensure that multinational
enterprises pay a fair share of tax wherever they operate.

OECD Secretary-General Mathias Cormann welcomed Fiji to the framework during its 16th
meeting in Paris on May 28, 2024.

FRCS CEO  Udit Singh speaking virtually to the OECD conference this week, emphasised that Fiji’s membership will give the country a stronger voice in global tax discussions and support its national goal of combating tax avoidance.

He adds this step equips Fiji with better tools to ensure profits are taxed where earned, fostering a fairer and more transparent tax system.