21 October 2015: Parliamentary Standing Committee on Law, Justice and Human Rights – Income Ta

The Law, Justice & Human Rights Standing Committee is presently receiving submissions on the Income Tax Bill 2015.

The Income Tax Bill is a very important piece of legislation that affects us all particularly as the Budget for 2016 is going to be tabled on 06 November 2015.

The purpose of the Income Tax Bill as laid out in the Bill’s Explanatory Notes states that: “The Income Tax Bill 2015 (‘Bill’) provides for the imposition of the income tax, capital gains tax and the regulation of fringe benefits. It also repeals and replaces the Income Tax Act (Cap. 201) (‘Act’), Capital Gains Tax Decree 2011 and Fringe Benefit Decree 2012 with effect from 1st January 2016.”

For your reference the draft Bill is available online here.

And the template for submissions is available here.

Should you wish to seek an audience with the Committee to make an oral or written submission, contact the Secretariat on email: ktakape@parliament.gov.fj or telephone number: 3221209.