Fiji Revenue and Customs Service has announced several taxation measures to monitor money moving through E-wallets in Fiji.
This is part of the 2025-2026 budget that was announced yesterday.
Under the Tax Administration Act, businesses will be required to maintain a separate e-wallet account for business transactions.
“A penalty provision of a fine not exceeding $25,000 or to an imprisonment term not exceeding 10 years or to both is included for non-compliance, states Fiji Revenue and Customs Service in its 2025-2026 National Budget Summary of Revenue Policies.
“Providing a Taxpayer Identification Number (TIN) will be a mandatory requirement when registering for a Mobile Wallet account.”
“The deadline to incorporate the TIN requirement is 31 December 2025.”
FRCS also states E-wallet and associated services will be exempted from Value Added Tax.
Under the Income Tax Act, unexplained and unidentified deposits during the year in taxpayers e-wallets account will be included in the computation of gross income if it can be traced to the taxpayer, said FRCS.
The Ministry of Finance said in its budget supplement, this measure is to avoid tax evasion, money laundering and underground economic activity through digital wallets.
“All mobile wallet account holders will now be required to
register with a Tax Identification Number (TIN), while purchasing new SIM cards,” said the Ministry.
A six-month transition period will be provided to allow for full compliance.
