Examples of Fiji tax in a sentence
The credit shall not, however, exceed that part of the Fiji tax, as computed before the credit is given, which is appropriate to such item of income.
Provided that this paragraph shall not apply in relation to dividends paid by any company which is a resident of Australia for the purposes of Australian tax and which is also a resident of Fiji for the purposes of Fiji tax.
Subject to the laws of Malaysia regarding the allowance as a credit against Malaysian tax of tax payable in any country other than Malaysia, Fiji tax payable under the laws of Fiji and in accordance with this Agreement by a resident of Malaysia in respect of income derived from Fiji shall be allowed as a credit against Malaysian tax payable in respect of that income.
Subject to the laws of Fiji regarding the allowance as a credit against Fiji tax of tax payable in any country other than Fiji, Malaysian tax payable under the laws of Malaysia and in accordance with this Agreement by a resident of Fiji in respect of income derived from Malaysia shall be allowed as a credit against Fiji tax payable in respect of that income.
Where such income is a dividend paid by a company which is a resident of Fiji to a company which is a resident of Malaysia and which owns not less than 10 per cent of the voting shares of the company paying the dividend, the credit shall take into account Fiji tax payable by that company in respect of its income out of which the dividend is paid.
Where such income is a dividend paid by a company which is a resident of Fiji to a company which is a resident of Singapore and which owns directly or indirectly not less than 10 per cent of the share capital of the first-mentioned company, the credit shall also take into account Fiji tax paid by that company on the portion of the profits out of which the dividend is paid.
However, such dividends may be taxed in Fiji and according to the law of Fiji, but, where that person is the beneficial owner of the dividends, the amount of Fiji tax so charged shall not exceed 15 per cent of the gross amount of the dividends.
Subject to the laws of Fiji regarding the allowances as a credit against Fiji tax of tax payable in any country other than Fiji, Papua New Guinea tax payable under the laws of Papua New Guinea and in accordance with this Agreement by a resident of Fiji in respect of income derived from Papua New Guinea shall be allowed as credit against Fiji tax payable in respect of that income.
Individuals who are residents of the United Kingdom shall be entitled to the same personal allowances, reliefs and reductions for the purposes of Fiji tax as Fiji nationals not resident in Fiji.
Following changes in the tax law in Fiji, the unutilised tax losses of the subsidiaries incorporated in Fiji incurred after 1 January 2014 as allowed by the Fiji tax law can be claimed as a deduction against future taxable income within four years of the incurrence of such losses.