Update
The Honourable Minister for Finance, Commerce and Business Development presented the 2026–2027 Fiji National Budget on June 26, 2026. The budget was aimed at restoring fiscal sustainability, supporting near term economic stability and building a stronger foundation for long-term growth.
Below are the key changes proposed in the budget from tax and social security perspective:
1. Fiji National Provident Fund (FNPF) Contributions:
- Reduction in Employer Contribution Rate: The mandatory employer FNPF contribution rate will be reduced from 10% to 8% for a period of 12 months, from August 01, 2026. The employee FNPF contribution rate will remain unchanged at 8%.
- Historical Pension Rate Restoration: Full retirement benefits have been restored for FNPF pensioners affected by unilateral reduction of pensions in 2012.
- Member Interest Rate: FNPF has declared an annual 9.5% interest rate on members' account balances due to strong investment performance. This increases members' retirement savings held with FNPF.
2. Tax Rates: There are no changes to income tax rates for the 2026–2027 financial year.
For complete details on the proposed changes in the Budget, please refer to the source link.
Statutory Compliance Release Date: June 26, 2026
