Tax clearance needed for lease payment and overseas remittance

A tax clearance certificate is now required to be sighted by commercial banks for all overseas remittance and lease payments, irrespective of the amounts payable.

Reserve Bank of Fiji and  the Fiji Revenue and Customs Authority had issued this directive in January this year.

Prior to January 22, 2013, people could bring in the invoice and if it is less than $500 thousands the bank could remit upon sighting original invoice only.