26 Oct 2010

Fiji's interim Attorney General says no more fuel concessions for FEA

11:43 am on 26 October 2010

Fiji's interim Attorney General says the Fiji Electricity Authority will no longer receive concessions on fuel.

Fijilive reports, Aiyaz Sayed-Khaiyum, as saying new electricity rates that have been announced by the Commerce Commission also means that now FEA will no longer get any concessions that they enjoy on the importation of fuel; concessions on duty.

He said this will give the Fiji Government 4 million US dollars in revenue.

Mr Sayed-Khaiyum also says the government will ensure that payments of taxes will be applicable to everyone.

He says it will ensure that Value Added Tax is applicable across the board.

Mr Sayed-Khaiyum says FEA is currently undergoing a restructure process, which will see the government will continue to own majority of FEA, but allowing other participants to come into the business, to reduce the dependency on government debt or debt guarantees.