Business Reforms in Fiji
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Fiji made starting a business easier by reducing the time required to start a business. Fiji also made starting a business less costly by reducing fees at the business registrar.
Getting Credit: The credit bureau in Fiji suspended operations making it more difficult to gain access to credit information.
Protecting Minority Investors: Fiji strengthened minority investor protections by introducing greater disclosure requirements for related-party transactions.
Paying Taxes: Fiji made paying taxes more complicated for companies by transferring the fringe benefit tax liability from employees to employers and by limiting the deductibility of mandatory contributions.
Starting a Business: Fiji made starting a business more difficult by requiring new companies applying for a business license to obtain a certificate from the national fire authority and a letter of compliance from the Ministry of Labor.
Dealing with Construction Permits: Fiji made obtaining a construction permit more expensive by implementing a fee for the fire department clearance.
Registering Property: Fiji made transferring property more difficult by requiring parties to a property transaction to obtain a capital gains tax clearance certificate from the Fiji Revenue and Customs Authority.
Paying Taxes: Fiji made paying taxes less costly for companies by reducing the profit tax rate. At the same time, Fiji introduced capital gains tax.
Starting a Business: Fiji made starting a business more difficult by adding a requirement to obtain a tax identification number when registering a new company.
Trading across Borders: Fiji made trading easier by opening customer care service centers and improving customs operations.
Paying Taxes: Fiji made paying taxes less costly for companies by reducing the corporate income tax rate—though it also imposed a road user levy on all vehicles.
Dealing with Construction Permits: Fiji made dealing with construction permits more difficult through new regulations that added new procedures related to health, fire safety, and water and sewerage connections.
Labor Market Regulation: Fiji introduced a requirement to notify third parties in cases of redundancy dismissals and implemented a severance payment obligation.
Enforcing Contracts: Fiji made enforcing contracts easier by introducing a new case management system that has improved court operations.