If you want to incorporate in Fiji, reading this will help you becoming knowlegeable on the specific tax laws and rates for a LLC which is the most common company type in Fiji.

Fiji taxes corporate income, whether made onshore or offshore. The headline rate for income remitted, from our research, and your results may vary, is 20%. The country doesn't have major incentives to remit income earned abroad. Taxes are reasonable in Fiji as the effective rate of taxation on a LLC entity is 20%. This ranks Fiji as 69th when compared to corp. taxation rate internationally.

The VAT rate in Fiji is 9%, that ranks Fiji as 47th when compared to VAT taxation rate internationally. In terms of other taxation, an employer will contribute 10% to the equivalent of a social security fund and an employee will contribute 8.00%. The overall complexity of the tax system is medium. This is measured by average time to comply with a country's labor tax requirements is as it is 68hours. Contributing to this is the number of yearly labor tax payments, which is 9 in FJ.

Thin cap laws are in play. This refers to any sort of laws on companies' debt-to-asset ratios. Dividends from resident entities are usually exempt from tax. Dividends received from foreign entities may be subject to Corporate Income Tax at standard rates. A dividend is a distribution of a portion of company earnings, determined by the board of directors, to a particular class of shareholders. Dividends can be one of the following shares of stock, cash payments, or other property. Capital Gains are taxed separately at a rate of 10%. Gains from the disposal of listed shares or certain trusts may be tax exempted.

The interest withholding tax rate is estimated at 10%. This should be interpreted usually that the tax authorities expects to withold 10% of payments on interests to non-residents. The dividends withholding tax rate is 9%. This means that the relevant tax authorities expects companies to automatically withhold 9% of payments abroad on dividends. Royalties are subject to a withholding tax of 15%. Which means that an LLC should withhold 15% of the payments on royalties to non-residents. Withholding tax rates may be reduced under a tax treaty.

There is a tax on net wealth in Fiji. There are no known inheritance taxes in Fiji. There are real property taxes. There are not many popular and well known research and development tax relief here.

The above is not tax or legal advice for your particular personal tax obligations. We are able to help you to find lawyer in Fiji who will advise you. Contact us today. Click incorporate now if you are in a hurry, or press the free consultation button above.