Extend investment incentives for tourism and amends those for film-making
24 Mar 2022
The 2021-2022 Revised Budget, which was adopted on 24 March 2022, includes the following measures:
• In the hotel industry, the 5-year tax holiday for investments of more than $2 million will be extended for an additional 12 months until 31 December 2023.
• In the film-making and audio-visual industry: (i) The film tax rebate will be decreased from 75% to 20% and will be based on the expenditure incurred in Fiji and paid to Fiji residents for goods and services, and (ii) The maximum rebate payable per approved final certificate will not be more than $4 million.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Services (Accommodation and food service activities, Publishing, audiovisual and broadcasting activities, Arts, entertainment and recreation)
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Sources:
