ALL companies using PayMaker will need to update their payroll software after processing their past pays for July 2017 and before processing their first pay for August 2017.
The reason for this is that a number of major changes that affect payroll related taxes were announced as part of the Fiji Government's 2017/2018 budget. These changes includes:
- The first $30,000 of income for Fiji Residents will now be tax free.
- A new Environment Levy of 10% will be charged for anyone earning above $270,000 per year.
- The Social Responsibility Tax for employees earning above $270,000 has been reduced by the same 10% that is now charged as Environmental Levy.
- The format of the EMS file that companies submit monthly has been changed to accommodate the new Environmental Levy.
These changes come into effect from the 1st of August 2017.
Therefore, you must contact our office to arrange an upgrade to PayMaker before you process your first pay in August.
Please contact us at (679) 3304554 or payroll@standss.com.fj.
