FRCS opens support centres for Small and Micro Enterprises
With the view to encourage and grow the Small and Micro Enterprises (SME) the Fiji Revenue and Customs Service (FRCS) has established a support centre.
The SME support centre is based at the FRCS head office in Nasese, Suva.
So if you are planning to start a business this is good news for you. FRCS stated that the SME support centre provides free advisory services to all SME operators and those taxpayers who need free advisory assistance. There are plans in the pipeline to have SME centres in all FRCS offices Fiji wide in the coming days.
This initiative is a roll-out from the Government’s announcement during the 2019/2020 National Budget address to assist small business operators on Tax and Customs related issues.
It is an intentional approach to ensure we better meet the needs of micro, small and medium enterprises in Fiji who have the potential to be the big businesses in future.
Advisory Services:
Through the FRCS Information Support Centre, the Small and Medium Enterprises are now able to access services similar to that of the gold card service. The Centre is a one-stop shop where all relevant information will be provided to ensure this important business segment is enabled to better understand their registration, filing and payment obligations as well as to assist SME to meet their reporting requirements.
Some of the advisory services available for SME’s includes;
■ Business registration
■ Lodgment of Tax Returns
■ Payments
■ VAT registration and filing
■ Record keeping
■ Customs duty concession available for SME’s ■ Tax and Customs Incentives
■ New budget policies and its tax implications
■ Registration and use of Electronic Fiscal Device/ VMS
Other than the ones listed above, the SME Centre is also processing Tax Clearance applications for amounts below FJ$20,000.
It’s a much-needed development.
It is an intentional approach to ensure we better meet the needs of micro, small and medium enterprises in Fiji who have the potential to be the big businesses in future.