2009 National Budget Incentive for non-Fiji citizens and former Fiji citizens

The Interim Government in Fiji has announced, in its 2009 National Budget, an incentive to attract non-Fiji citizens and former Fiji citizens working abroad to bring in their funds into the country. The incentive has an objective to attract non-residents and former Fiji Citizens to bring in their funds for placement with Fiji banks.

For tax purposes, any foreign currency account with fixed deposits above the equivalent of F$300,000.00 will have interest earned on the account exempted from local tax. The incentive comes into effect from 1 January 2009.


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