Private Binding Rulings – January 2022

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With our economy moving towards the new era of development and advancement, the Fiji Revenue and Customs Services (FRCS) has now implemented Private Binding Ruling (PBR).

A PBR should take the form of legally binding advice which a taxpayer may seek from FRCS. The ruling typically binds the tax authority such that the taxpayer will ordinarily be protected from additional tax, penalties and interest when relying on the ruling issued.