Accountants Explain Their Decision The Fiji Institute of Accountants (FIA) has defended its decision to recommend national budget changes, such as an increase in Value Added Tax, and a pay cut for civil servants. by frederica elbourne
07 Jul 2021 13:03 Participants at the national budget submissions included president of the Fiji Institute of Accountants, Pravinesh
Singh (second from bottom left).
2021-07-05
The Fiji Institute of Accountants (FIA) has defended its decision to recommend national budget changes, such as an increase in Value Added Tax, and a pay cut for civil servants.
Reforms take time, said in
Our suggestion of reducing the pay of civil servants does not mean they will lose their jobs – FIA
fijivillage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijivillage.com Daily Mail and Mail on Sunday newspapers.
Budget-2021-2022
Attorney General, Aiyaz Sayed-Khaiyum. [image: Fijian Govt]
The 2021/2022 National Budget will be delivered by Minister for Economy, Aiyaz Sayed-Khaiyum on Friday 16th July. The Fijian Government confirms that the budget address will be delivered at 7.30pm.
FTUC opposes Fiji Institute of Accountants budget submission to increase VAT, take away family care leave and reduce civil servants pay
FIA suggests govt consider making reductions in its operating expenditure where possible
FTUC National Secretary Felix Anthony. [image: FTUC/Facebook]
The Fiji Trades Union Congress says they oppose any suggestion by the Fiji Institute of Accountants to increase VAT to 12.5 percent, particularly at a time like this, and object to their suggestion that civil servants should have a salary cut.
ANISH CHAND
FTUC national secretary Felix Anthony. Picture: SUPPLIED
A pay cut for civil servants will bring great hardship to thousands of families, says Fiji National Trades Congress (FTUC) secretary general Felix Anthony.
He said the FTUC objected suggestions by the Fiji Institute of Accountants (FIA) that civil servants’ salary be reduced by 15 to 20 per cent in the 2021-2022 National Budget.
“Workers have mortgages, bills and other financial commitments to pay,” he said.
“Many support extended families who are unemployed or dependents.
“Civil servants have not received their merit increments according to government’s own remuneration guidelines implemented in 2017.
“The FTUC reminds FIA that the national budget is not only about numbers and balancing the books.
ANISH CHAND
Image: FIA/FT FILE
The Fiji Revenue and Customs Service must be established as a business and commercial enterprise, states the Fiji Institute of Accountants (FIA).
In its 2021-2022 national Budget submission, the FIA stated the review should be from a “commercial, cost-benefit approach”.
“Inefficiencies in business and IT processes as well as time spent by staff in resolving matters are all costs to business,” stated the FIA.
“FRCS must work with other regulatory bodies such as Investment Fiji and other government ministries on approved projects by proactively reaching out to these taxpayers and working out solutions to ensure projects were not stalled.”
vimarsana © 2020. All Rights Reserved.