The Fiji Revenue and Customs Service (FRCS) has commenced its inaugural round of talks with the New Zealand Inland Revenue Department to reassess the longstanding Double Taxation Agreement (DTA) between Fiji and New Zealand. These discussions are taking place in Wellington and target the modernization of the agreement first signed on October 27, 1976, with prior amendments occurring in 1986 and 1994.
Heading the Fijian delegation is FRCS Chief Executive Officer Udit Singh, supported by senior management team members. The negotiations were officially launched with a traditional Māori ceremony, symbolizing the strong respect and partnership shared between the two nations. The New Zealand side is represented by Strategic Policy Advisor Carmel Peters.
Udit Singh reinforced Fiji’s appreciation for its robust relationship with New Zealand. He emphasized that this review underlines a collective commitment to crafting a modern and equitable tax treaty framework that encourages business activities while safeguarding the interests of citizens in both countries. He pointed out that the Duavata Partnership serves as a compelling foundation for these discussions, representing mutual trust and collaboration that will steer negotiations towards a forward-thinking agreement.
As the week progresses, FRCS harbors optimism about productive dialogues with their New Zealand counterparts, aiming to finalize a modernized DTA by 2026. This proactive effort not only seeks to strengthen economic connections but also fosters a hopeful outlook for enhanced cooperation between the two nations, promising beneficial outcomes for businesses and citizens alike.