- Laws of Fiji

Last Updated: 1 April 2022

[IT 124] Credit for withholding tax124

124

(1) For the purposes of this Act, if tax has been withheld under this Subdivision from income derived by a person, the amount of income included in the gross income of the person is the amount derived before the withholding of the tax.

(2) Subject to subsections (3) and (4), if tax has been withheld under this Subdivision from income derived by a person, the person is allowed a tax credit for the tax against the tax due by the person on the chargeable income of the person for the tax year in which the tax was withheld.

(3) No tax credit is allowed if the tax withheld is a final tax on the income under section 12 or 125.

(4) A tax credit allowed under this section is applied in accordance with section 8(3).

(5) A tax credit or part of a tax credit allowed to a person under this section for a tax year that is not credited under section 8(3) for the year is refunded to the person in accordance with section 33 of the Tax Administration Act 2009.