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The Fiji Revenue and Customs Service Chief Executive Udit Singh says Fiji could have lost an estimated $40 to $50 million in government revenue since businesses began using e-wallets for point-of-sale transactions.<\/p>\n
Singh says many businesses using services like M-PAiSA, MyCash, and Sole have operated outside the tax system, limiting revenue collection and creating gaps in financial transparency.<\/p>\n
He says that FRCS is now working closely with e-wallet providers to link Tax Identification Numbers to individual wallets.<\/p>\n
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He adds progress has been encouraging, with some providers reporting 70 to 80 percent of their customer base now linked.<\/p>\n
\u201cThey\u2019ve responded very well and we\u2019re very, very pleased about the initiative. Challenges remain, particularly in outlying islands where limited digital access slows the transition\u2019.<\/p>\n
Singh says FRCS is working with stakeholders on outreach programmes to ensure all businesses are registered and compliant.<\/p>\n
He adds that the initiative will improve transparency and curb potential money laundering, with agencies like the Fiji Financial Intelligence Unit monitoring suspicious activity.<\/p>\n
The CEO says linking TINs to e-wallets means we have better transparency and can ensure businesses contribute fairly to national revenue.<\/p>\n