Tax incentives and concessions
The Fiji Government offers a range of taxation incentives to encourage investment. These include:
• accelerated depreciation on certain capital items
• export income deductions, available at specific rates until 2024 (the rates for 2023 and 2024 is 90% for agriculture, fisheries or forestry industries and 60% for all other industries)
• specific tourism-related concessional assistance under the Income Tax Act 2015
• incentives to start up ICT business activities including research and development
• incentives to film audio-visual productions in Fiji
• incentives to agriculture
• incentives for small and microenterprises medical investment incentives
• tax free regions incentives with income tax exemption for up to 13 years (depending on the level of investment)
• incentives for listing on the South Pacific Stock Exchange
• incentives on listing of corporate bonds on the South Pacific Stock Exchange
• employment incentives, including tax deduction for salaries and wages paid during paternity and family care leave and also for staff training through accredited training providers
• incentives in relation to modernisation of buildings in towns and cities
• incentives for private companies investing in buildings to be used by government entities or approved by government
• incentives for investment in subdivision of lots for residential or commercial purposes
• incentives on medical investments
The Fiji Revenue & Customs Service website has further information on the tax incentives.