From August 2024 to March 2025, the Fiji Revenue and Customs Service collected $2.281 billion in taxes, compared to the 8-month target of $2.14 billion.
This was revealed by FRCS Chairman Malakai Naiyaga at National Tax Day celebrations in Suva yesterday.
“FRCS has surpassed the cumulative forecast by $138.9 million or 6%. In comparison, during the same period last year, the collection was around $1.967 billion, which was below the cumulative forecast by $82.8 million or 4%,” he said.
“Consistent monthly revenue growth has played a key role in maintaining a positive variance against the monthly forecast.”
Mr. Naiyaga attributed the boost in collection to the favourable cumulative collection of key tax types such as Value Added Tax (VAT), which contributed $1 billion or 45% towards the total collection so far.
Income taxes contributed $670 million. trade taxes contributed $391.8 million, and other taxes and levies contributed $181.3 million.
