FRCS Reports Strong 11-Month Revenue Performance As Government Tracks Towards Annual Revenue Target

The article reports on Fiji Revenue and Customs Service’s (FRCS) fiscal performance for the first eleven months of the 2025‑2026 financial year, showing net revenue collections of $3.226 billion. This amount exceeds the year‑to‑date forecast by $156.9 million (5.1 %) and is $52.3 million (1.6 %) higher than the same period in the previous year. With the government’s annual revenue target set at approximately $3.37 billion, FRCS has already achieved 95.7 % of that objective, positioning it to meet or modestly exceed the target in July. June 2026 collections reached $430.1 million, surpassing the monthly forecast by $75.8 million (21.4 %) and outperforming June 2025 collections by $49.6 million (13.0 %). CEO Udit Singh highlighted that strong contributions came from Company Income Tax, PAYE, and VAT, reflecting resilient economic activity, employment, and consumer spending despite global economic challenges. Singh noted that while imported inflation and higher fuel prices have impacted the economic environment, genuine economic growth, sustained business operations, and improved tax compliance have driven revenue gains. The article also mentions that refunds represented 8 % of gross revenue, supporting business cash flow, and outlines FRCS’s continued focus on intelligence‑led compliance, debt recovery, and digital risk management to maintain a fair tax system. Singh expressed confidence that Fiji enters the new financial year from a solid fiscal position, backed by taxpayer partnership and robust revenue collection.