Fiji Corporate Income Tax (CIT) Calculator
Calculate annual corporate income tax liability, net retained earnings, and quarterly advance provisional tax installments for enterprises operating in Fiji under FRCS tax legislation.
Commercial P&L Inputs
Total commercial turnover exclusive of 15% VAT.
Salaries, FNPF 10% employer cost, rent, capital allowances.
Total statutory corporate tax payable to the Fiji Revenue & Customs Service on net commercial profit.
FRCS Corporate Tax Assessment Statement All amounts in FJD (FJ$)
| Fiscal Item | Statutory Basis | Rate / Basis | Amount (FJ$) |
|---|---|---|---|
| Gross Revenue Turnover | Section 15 Gross Commercial Income | — | FJ$ 1,200,000.00 |
| Allowable Commercial Deductions | Operating expenses & write-offs | Deductible | −FJ$ 750,000.00 |
| Net Taxable Corporate Profit | Taxable Assessment Basis | Profit Base | FJ$ 450,000.00 |
| Corporate Income Tax (CIT) | Resident Company Rate | 25.0% | FJ$ 112,500.00 |
| Provisional Tax Installment (Each) | Due 6th, 9th, 12th Month | 33.33% | FJ$ 37,500.00 |
| Post-Tax Retained Corporate Profit | Distributable or retained | 75.0% | FJ$ 337,500.00 |
Fiji Corporate Income Tax Framework & FRCS Guidelines
Standard Corporate Tax (25%)
In the Fiji National Budget 2023–2024, the corporate tax rate for standard incorporated resident companies was reinstated to 25.0% on net assessable profits. Resident companies are taxed on worldwide income, while foreign companies are taxed solely on Fiji-sourced income.
South Pacific Stock Exchange (SPX) Incentive
Companies that list on the South Pacific Stock Exchange (SPX) benefit from a preferential tax rate of 20.0% (and potentially 15% for new listings with significant local equity distribution). This policy fosters local capital market participation and transparent corporate governance.
Advance Provisional Tax Installments
Under the Income Tax Act, corporate entities do not pay all taxes at the end of the fiscal year. Instead, they must submit three advance provisional tax installments equal to 33.3% of their projected tax liability, payable by the final day of the 6th month, 9th month, and 12th month of the financial year.
Foreign Branch Taxation (30%)
Non-resident entities conducting business in Fiji through a branch or permanent establishment face a statutory 30.0% corporate income tax rate. Moreover, branch remittance tax or non-resident withholding taxes may apply when earnings are repatriated abroad.
Frequently Asked Questions (FAQ)
What is the corporate income tax rate in Fiji? ↓
The standard corporate income tax (CIT) rate for resident companies in Fiji is 25% on net taxable profits, enacted under the Income Tax Act administered by the Fiji Revenue and Customs Service (FRCS).
What tax rate applies to companies listed on the South Pacific Stock Exchange (SPX)? ↓
Companies listed on the South Pacific Stock Exchange (SPX) qualify for an incentivized preferential corporate tax rate of 20% (or 15% for new listings with significant local shareholding) to encourage public capital markets.
What tax rate applies to non-resident foreign companies and branches? ↓
Non-resident companies operating via a permanent establishment or branch in Fiji are subject to a 30% corporate income tax rate on their net Fiji-sourced profits.
How is provisional tax paid by companies in Fiji? ↓
Companies pay provisional tax to FRCS in three equal advance installments (33.3% each) based on the estimated tax liability for the tax year, due by the end of the 6th, 9th, and 12th months.
For how many years can corporate tax losses be carried forward? ↓
Under Section 30 of the Income Tax Act, business losses can generally be carried forward for up to 8 consecutive tax years to offset against future taxable profits, subject to continuity of ownership rules (more than 50%).
📊 Fiji Revenue & Customs Service (FRCS) & FNPF Statutory Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (FJD) |
|---|---|
| Primary Net / Statutory Payable Amount | FJ$ 0.00 |