The Fiji Revenue and Customs Service (FRCS) announced that net revenue collections for the financial year ending 31 July 2026 reached $3.510 billion, marking the highest annual total ever recorded. This result exceeds the Government’s forecast by $136.2 million (4.0 %) and surpasses the prior year’s collection by $25.8 million (0.7 %). Collections for July 2026 were $288.8 million, $16.6 million below the monthly forecast but still robust. Growth was driven by increases in Net Income Tax (+$53.7 million), Net Customs (+$46.6 million) and Departure Tax (+$43.7 million). At the same time, Net VAT declined by $102.8 million as a result of the rate reduction from 15 % to 12.5 %. Key contributors included Company Income Tax (+$28.3 million) and Pay-As-You-Earn (PAYE) (+$37.9 million), reflecting resilient corporate profitability and stable formal employment. FRCS attributes the strong performance to the continued resilience of Fiji’s economy despite global headwinds, elevated fuel prices and inflationary pressures. The Service emphasized that every dollar collected funds essential public services such as healthcare, education, infrastructure and social assistance. While the agency cautions against complacency, it encourages taxpayers and businesses to maintain compliance and remain vigilant as economic conditions evolve. This strong fiscal position creates room for additional investment in infrastructure, education and health, reinforcing confidence in Fiji’s economic outlook.
Key Takeaways
- Record Revenue: $3.51 billion net collection, $136.2 million above forecast.
- Revenue Drivers: Income Tax, Customs and Departure Tax growth.
- July Collections: $288.8 million, slightly below forecast but strong yearly performance.
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