The Fiji Revenue and Customs Service (FRCS) has reminded salary and wage earners that any additional income earned outside their employment must be declared for tax purposes.
In a public notice, FRCS said the requirement applied to individuals earning income from various sources, including rental properties, Airbnb and homestay accommodation, online businesses, taxi and minibus operations, farming, fishing and consultancy services.
Other sources include investment in shares, partnership businesses, canteen operations and income received as beneficiaries or trustees of a trust or estate.
FRCS said all individuals receiving such income were required to maintain proper financial records.
These include income and sales records, invoices for expenses and purchases, bank statements, receipts, employment and payroll records, logbooks, accounts payable and receivable, vendor information and other financial documents.
The tax authority also reminded individuals who had not registered their businesses with FRCS to do so through the “Register New Business” option on the Taxpayer Online Service Portal (TPOS).
It said annual filing of business returns and payments for a tax year were due by March 31, with all returns required to be filed through TPOS.
