Import excise on importation of chicken will be increased from 0% to 10%.
This was announced by the Minister for Economy Mr Aiyaz Saiyed Khaiyum during his 2019-2020 National Budget address in the Parliament yesterday.
The import excise came into effect on 7th of June 2019 however, public is reminded to expected increase in prices of imported chicken next time when they are out shopping.
The 2019-2020 Budget revenue policies are designed to stimulate the Fijian economy and ensure necessary revenue generation for the Government.
The overall essence of the revenue policies is to maintain low and competitive tax rates to promote investment and create new employment, simplify revenue administration, improve tax and customs compliance, and promote environment protection initiatives
Unless otherwise specified, excise tax, fiscal import duty and import excise duty changes are effective from 7 June 2019, while all other tax changes will be effective from 1 August 2020.