The Fiji Revenue and Customs Services (FRCS) has officially announced an extension of the mandatory Tax Identification Number (TIN) requirement for mobile wallet accounts, now set to take effect by January 31, 2026. This decision is part of a broader strategy to enhance compliance and ensure the integrity of financial transactions throughout Fiji.
Under the new guidelines, customers are required to possess a valid TIN in order to both open and maintain their mobile wallet accounts. This requirement was emphasized in the recently released 2025–2026 National Budget Promulgation, which mandates that all users must update their personal information with their respective e-wallet service providers.
FRCS also outlines that individuals who utilize e-wallets for business transactions must operate a separate account designated solely for business activities, which also needs to be registered with a valid TIN. This measure is aimed at preventing misuse and ensuring that such accounts are utilized exclusively for business purposes.
To strengthen compliance, recent provisions under the Tax Administration Act introduce significant penalties for non-compliance, which may include fines of up to $25,000 or a potential prison sentence of up to 10 years.
In an effort to facilitate these changes, FRCS has pledged to work closely with all licensed e-wallet service providers to ensure the smooth implementation of the new policies. This initiative is anticipated to bolster the regulatory framework for digital financial services in Fiji, fostering a more organized and accountable financial ecosystem for consumers and businesses alike. By promoting compliance and transparency, Fiji steps forward in fostering a robust financial environment that benefits all stakeholders involved.