Every year, Fiji landlords who earn rental income must file a Personal Income Tax Return (Form B / PIT-B) with FRCS by 31 March. Many miss the deadline, under-claim deductions, or hand their accountant a shoebox of receipts with no order to it. This guide walks you through exactly what Form B requires, what you can deduct, and how to keep records that survive a 7-year audit.
Filing Deadline
31 March
Each year for income earned 1 Jan – 31 Dec prior year
Late Penalty
FJ$200 + 25%
Per month late, capped at 50% of tax payable
VAT Threshold
FJ$100,000
Gross rental income in any rolling 12 months
Audit Window
7 Years
FRCS can review returns up to 7 years back
What Is FRCS Form B?
Form B (PIT-B) is Fiji's Personal Income Tax Return. Section 4 covers rental income. You must declare your gross rental income, subtract allowable deductions, and report the net rental income — which is taxed at Fiji's personal income tax rates.
The return covers income earned from 1 January to 31 December. Your accountant lodges it with FRCS by 31 March the following year.
ℹ️ What BulaLease does
Allowable Deductions for Fiji Landlords
The Income Tax Act 2015 allows landlords to deduct the following from gross rental income:
⚠️ You cannot deduct
The VAT Threshold — Do You Need to Register?
If your gross rental income exceeds FJ$100,000 in any 12-month period, you must register for VAT with FRCS. From August 2025, the standard VAT rate is 12.5%.
Residential rental is generally exempt from VAT. Commercial rental is standard-rated at 12.5% — you charge VAT to tenants and claim back input VAT on qualifying expenses.
BulaLease tracks your cumulative rental income and alerts you when you are approaching the threshold.
What Records Does FRCS Expect?
FRCS can audit your return for up to 7 years. Keep the following for every tax year:
Quick Checklist Before 31 March
Collect all rent receipts for January – December
Verify every payment in BulaLease matches your bank statement.
Gather all expense receipts
Repairs, insurance, council rates, TLTB land rent, agent fees, mortgage interest.
Export your Rental Income Summary from BulaLease
Gross rent, deductions by category, net income — pre-formatted for your accountant.
Check your depreciation schedule
Buildings depreciate at 1.25% p.a. straight-line under FRCS Regulations 2016.
Book time with your accountant before mid-March
Give them at least two weeks before the 31 March deadline.
Lodge with FRCS or have your Tax Agent lodge on your behalf
BulaLease organises the data — your registered accountant or Tax Agent lodges Form B.