Tax on Forgiven Debts: Fiji Income Tax Act Vs Islamic Perspective

Shivneil Raj; Mohammed Riaz Azam

Volume 7, Issue 6 , June 2020, , Pages 363-369

  An uncollected tax is a debt to the state. In Fiji, individuals’ pay income tax if they earn more than FJD$30,000 under the Income Tax Act 2015 (ITA). Thus, the purpose of this paper is to critically evaluate the stand of debt forgiveness by the lender to the borrower in the Fiji Income Tax Act ...  Read More