FRCS collects a net revenue of $190 million for November

The Fiji Revenue and Customs Service has collected a net revenue of $190 million for November 2022, exceeding the month’s forecast by $7.9 million or 4.3%.

This represents a higher collection of $79 million in comparison to the revenue collections of November 2021.

Four months into the current fiscal year, FRCS has recorded a total collection of $767.2 million with a positive variance of $22.1 million over the cumulative forecast.

Comparative to the four months of last financial year, FRCS has recorded an impressive growth of $330.3 million or 76%.

FRCS CEO Mark Dixon attributed the considerable increase in revenue to the impressive rebound of the economy with all key sectors showing a resurgence.

Dixon says the remarkable increase in revenue collection against last year by 76% as well as against their forecast exhibits the consistent recovery and economic growth across all key sectors of the economy.