The Fiji Revenue and Customs Services (FRCS) has announced an extension for the mandatory Tax Identification Number (TIN) requirement for mobile wallet accounts, pushing the deadline to January 31, 2026. This move aims to streamline compliance and improve the integrity of financial transactions within the country.
As per the guidelines, customers must possess a valid TIN to open and maintain their mobile wallet accounts. This includes a crucial step highlighted in the 2025–2026 National Budget Promulgation, which states that all users are required to update their personal information with their respective e-wallet service providers.
Moreover, FRCS emphasizes that those using e-wallets for business transactions are required to maintain a separate account dedicated solely to business purposes. These accounts must also be registered with a valid TIN, ensuring they are used exclusively for business activities.
To enforce compliance, the newly established provisions under the Tax Administration Act stipulate significant repercussions for non-compliance, including potential fines of up to $25,000 or imprisonment for a duration of up to 10 years.
FRCS has committed to collaborating closely with all licensed e-wallet service providers to facilitate the effective implementation of these new requirements. This initiative is expected to enhance the regulatory framework surrounding digital financial services in Fiji, promoting a more organized and accountable environment for both consumers and businesses.