Fiji Revenue and Customs Service tightens transfer pricing checks

The Fiji Revenue and Customs Service (FRCS) is intensifying efforts to combat illegal transfer pricing practices, particularly among companies with overseas affiliations. During a presentation of the 2024–2025 Annual Report, Standing Committee on Economic Affairs Chair Sakiusa Tubuna raised concerns regarding the measures being taken to identify such practices.

FRCS Chief Executive Udit Singh stated that the agency is strengthening its response to international tax issues by participating in the Base Erosion and Profit Shifting framework and the Global Forum. While information is currently being exchanged manually, the agency plans to transition to the automatic exchange of information (CRS) by 2027–28. This move will allow Fiji to access data from approximately 150 to 170 member jurisdictions regarding company structures and tax payments.

FRCS Director Corporate Services Shavindra Nath noted that manual information exchange is already underway, with plans to automate the process by the end of next year. These steps are part of Fiji’s obligations following its removal from the European Union blacklist.