The Fiji Revenue and Customs Service (FRCS) has collected $3.226 billion in net revenue during the first 11 months of the 2025-2026 financial year, putting the Government on track to meet, and potentially exceed, its annual revenue target.
The revenue collected to the end of June is $156.9 million, or 5.1 percent, above the year-to-date forecast and $52.3 million, or 1.6 percent, higher than the same period last year.
With the Government’s annual net revenue target set at approximately $3.37 billion for the financial year ending 31 July 2026, FRCS has already achieved 95.7 percent of that target with one month remaining.
For June alone, FRCS collected $430.1 million, exceeding the monthly forecast by $75.8 million (21.4 percent) and surpassing collections for June last year by $49.6 million (13 percent).
FRCS Chief Executive Officer Udit Singh said the results reflected the resilience of Fiji’s revenue base despite ongoing global and domestic economic challenges.
“The Reserve Bank has recently highlighted a more cautious outlook for economic growth due to global uncertainty, higher fuel prices and geopolitical developments. Against that backdrop, these results are encouraging and reflect the resilience of Fiji’s taxpayers, businesses and the broader economy.”
The strongest contributors to revenue growth were Company Income Tax, PAYE and Value Added Tax, supported by positive performances in Excise Duty, Capital Gains Tax and Departure Tax.
Singh said the figures pointed to more than just higher prices.
“While imported inflation and higher prices have contributed to growth in some revenue lines, the overall performance has been driven by a combination of genuine economic activity, resilient businesses, sustained employment and stronger tax compliance.”
He said FRCS had continued to strengthen intelligence-led compliance, debt recovery, audit programmes and digital risk management to ensure a fair and effective tax system.
FRCS also processed legitimate taxpayer refunds efficiently, with refunds accounting for 8 percent of gross revenue, helping businesses maintain cash flow while protecting the integrity of the tax system.
Looking ahead, Singh said FRCS would continue monitoring both domestic and international economic developments, particularly the impact of recent fuel supply challenges and global economic uncertainty.
“While the economic outlook remains cautious, the strength of revenue collections over the first eleven months provides confidence that Fiji enters the new financial year from a solid fiscal position.”
He also thanked taxpayers, employers, importers, exporters, customs brokers and the wider business community for their continued commitment to voluntary tax compliance.
“These results reflect the partnership between FRCS and Fiji’s taxpayers. Every dollar collected supports essential public services, national infrastructure, education, healthcare and economic development. We thank all compliant taxpayers for the important role they play in building a stronger Fiji.”
