Tax & Compliance

Fiji Rental Income Tax — What Every Landlord Needs to Know

Every year, Fiji landlords must file a Personal Income Tax Return (Form B) with FRCS by 31 March. BulaLease organises your records automatically so tax time takes hours, not weeks.

Rental Income Summary

FY 2025/26 · FRCS Form B Ready

Gross Rent ReceivedFJ$32,400

Allowable Deductions

TLTB Land RentFJ$2,400
Building InsuranceFJ$1,800
Repairs & MaintenanceFJ$3,200
Depreciation (1.25%)FJ$2,500
Agent FeesFJ$3,240

NET RENTAL INCOME

FJ$19,260

Prepared by BulaLease · Verify with your accountant before lodging

What Is FRCS Form B?

Form B (also called 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 and is due at FRCS by 31 March the following year.

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Due Date

31 March

Each year, for income earned 1 Jan – 31 Dec prior year

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Form Name

PIT-B / Form B

Personal Income Tax Return — Section 4 covers rental income

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Penalty for Late Filing

FJ$200 + 25%

Of tax payable per month late, capped at 50%

Allowable Deductions for Fiji Landlords

The Income Tax Act 2015 allows you to deduct the following from gross rental income before calculating your tax liability:

Land rent / iTaukei lease premiums

Amounts paid to TLTB or other land-owning bodies

Council rates and water rates

Local authority charges on the property

Building insurance premiums

Insuring the rental property structure

Repairs and maintenance

Day-to-day repairs; capital improvements are not deductible in year of spend

Depreciation

Buildings at 1.25% p.a. straight-line; plant and equipment at applicable FRCS rates

Mortgage interest

Interest on loans used to acquire or improve the rental property

Property management fees

Amounts paid to a licensed property manager

Advertising costs

Costs of finding and placing tenants

Accounting and legal fees

Directly related to the rental activity

You cannot deduct: personal expenses, capital improvements (add to asset base), or costs for periods the property was not available for rent.

VAT Registration — When Do You Need It?

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

Generally exempt from VAT — you do not charge VAT to residential tenants, but you also cannot claim input VAT on expenses.

Commercial Rental

Standard-rated at 12.5% — you charge VAT to commercial tenants and claim back input VAT on qualifying expenses.

BulaLease tracks your cumulative rental income and alerts you when you are approaching the FJ$100,000 threshold.

Stamp Duty on Lease Agreements

Every lease agreement in Fiji must be stamped by FRCS within 30 days of signing. An unstamped lease cannot be used as evidence in court proceedings.

Lease TermStamp Duty Rate
Up to 1 year0.5% of annual rent
1–3 years1% of average annual rent
Over 3 years2% of average annual rent

Rates indicative — confirm with FRCS before stamping.

How BulaLease Helps at Tax Time

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Rental Income Summary

Export a year-end summary showing gross rent, deductions by category, and net income — ready for your accountant.

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Expense Tracking

Record repairs, insurance, rates, agent fees, and interest as you go. No more hunting for receipts in March.

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VAT Threshold Alert

BulaLease tracks cumulative income across all properties and alerts you before you cross FJ$100,000.

Disclaimer: BulaLease is not a registered Tax Agent and does not lodge returns on your behalf. Always work with a registered accountant or Tax Agent for your final FRCS submission by 31 March.

Common Questions

When must I file my FRCS Form B?

By 31 March each year for income earned in the previous calendar year (1 January to 31 December). Late filing incurs a penalty of FJ$200 plus 25% of tax payable per month, capped at 50%.

What is the VAT registration threshold for rental income?

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; commercial rental is standard-rated.

Can I deduct building improvements?

No — capital improvements (extensions, new bathrooms, major renovations) are added to the asset base and depreciated over time, not deducted in full in the year they occur. Day-to-day repairs and maintenance are deductible.

Does BulaLease file my tax return?

No. BulaLease is not a registered Tax Agent and does not lodge returns with FRCS. BulaLease organises your income and expense data into a clean Rental Income Summary that your accountant uses to prepare and lodge your Form B.

What Records Must You Keep?

FRCS can audit your return for up to 7 years. Keep:

  • Signed lease agreements for every tenancy
  • Rent receipts and bank statements showing rent received
  • All expense receipts (repairs, insurance, rates, agent invoices)
  • TLTB land rent receipts and annual land rent payment records
  • Depreciation schedule for buildings and plant/equipment
  • Loan statements showing interest paid

BulaLease stores all of these digitally, attached to the relevant lease or expense record.

Stop chasing receipts every March

BulaLease tracks rent, expenses, and TLTB records all year so tax time is just one export. Free for your first property.