FCEF members welcome stimulus COVID-19 package

The step was taken to cushion the impacts triggered by COVID-19 on companies.

The choice by the Ministry Of Economy will ensure a return of an estimated one-hundred and thirty million dollars in the companies accounts.

Companies registered with the Fiji Commerce and Employers Federation have actually invited the Fiji National Provident Fund s decision to lower the employer s contribution by 5 percent till year-end.

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says this in specific with the reduction of fiscal and export excise duty. https://www.fbcnews.com.fj/wp-content/uploads/2020/07/60720JN-7AM-VICTORIA-YEE-online-audio-converter.com_.mp3��Some of the responses we received from the study as well as the 300% tax reduction who pay their staff members for self-quarantine under the directive of the Ministry of Health that was among the positive

FCEF Chief Executive Kameli Batiweti believes the technique is an effective tool to allow companies to sustain their operations and capital.

actions from our members. VAT exemption on certain items and also some businesses for export deduction boost to 60% from 2020 to 2021 and 2022. The FNPF has also authorized an additional employer s relief package which includes a waiver of penalties, time payment arrangements, relaxation of 3rd party payments, and reduction on requirements for Departure Prohibition Orders. Live. Tune In. 95.4 FM. Suva, Nadi, Lautoka, Labasa. 95.2 FM. Sigatoka, Ba. 95.6 FM. Tavua. 95.8 FM. Rakiraki. Live. Tune In.

https://www.fbcnews.com.fj/wp-content/uploads/2020/07/60720JN-7AM-KAMELI-BATIWETI-online-audio-converter.com_.mp3��Because that has enabled them to conserve some money to be able to utilize that cash in other locations like keeping the employees used without needing to launch them. That 5 %is an excellent injection for our members. And we would like to encourage FNPF to please keep it there for a while till we go out from the effects of this pandemic. A recent study by the Federation reveals that over 90 percent of business are taking advantage of the federal government s stimulus COVID-19 bundle. Executive Officer Victoria Yee

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