Registered Tax Agents play a vital role in the tax system of any economy to create and maintain public confidence in the tax administration system. The regulation of tax agents is governed by the Tax Agents’ Board (TAB) which consists of the following members;
- The Chairperson, Permanent Secretary for Finance; and
- Member nominated by the Council of the Fiji Institute of Accountants; and
- Member nominated by the Minister of Finance; and
TAB Secretary nominated by FRCA.
The TAB recognizes tax agents as our partners in the administration of the Fiji Tax system, therefore encouraging capable individuals to register and facilitate tax compliance.
Roles of the Tax Agents’ Board (TAB)
- The Tax Agents’ Board (TAB) is an independent body established to register and regulate the work of tax agents in Fiji.
- The Board is responsible for determining the suitability of applicants to be registered as tax agents.
- Oversees the professional conduct of tax agents to be aligned to the Tax Agents Code of Conduct and ensuring that proper standards are maintained across the tax agent profession.
- Investigate complaints against a registered tax agent
Tax Agents Primary Role
The tax agent’s primary role is to ensure that clients are fully aware of their rights and obligations and are compliant with the tax laws of Fiji. It is the mandatory duty of a tax agent to work in the best interest for the compliance of tax laws for their clients. Tax agents should always maintain ethical and professional standards when liaising with clients or any FRCA officer(s).
Responsibilities of a Tax Agent
Tax agents are required to perform following responsibilities:
- Provide quality tax advice to their clients
- Prepare and lodge income tax returns for their clients according to the mandatory due dates for the tax returns
- Request for extension of time to lodge income tax return for specific clients under the Tax Agents Lodgment Program (TALP)
- Follow up on the tax assessments and refunds for their clients
- Object any tax assessment with approval from the client according to mandatory procedures of objection
- Provide assistance to auditors such as required information when their clients are being audited
- Assist clients by providing professional advice to settle their tax arrears within the reasonable time frame
- Tax agents must always relay all the information to their clients provided to them by FRCA in relation to their clients
- Tax agent must update their clients on changes in the tax laws
For further assistance, you may contact Mr. Andrew Malani on 3243904/7131998 or email email@example.com
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