Papua New Guinea’s Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country’s tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC’s long-term strategy.
Security & strategy: online payments to transform Internal Revenue Commission
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31 May 2022 by 1 Comment
‘Promising’ forecast: Papua New Guinea’s economy doing well compared to neighbours, says bank
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29 Oct 2020 by Leave a Comment
Papua New Guinea is increasing its debt by less than other nearby nations and the contraction of its economy is not expected to be as severe as the world average, says a Kina Bank report.
Papua New Guinea loses 12 places in World Bank’s doing business 2020 rankings
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18 Nov 2019 by Leave a Comment
Papua New Guinea slipped 12 places in the World Bank’s ranking of ease of doing business, but are there any positive signs? David James analyses the report.
Boardroom briefing: China’s new airport, a social robot could train employees and corporate tax avoidance
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2 Jul 2019 by Leave a Comment
China’s new airport to open in September, a social robot could help train employees in the near future and corporate tax avoidance hits Papua New Guinea. Readings from around the world on business, leadership and management.
Analysis: testing out Papua New Guinea’s new Large Taxpayer Office
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12 Feb 2019 by Leave a Comment
Papua New Guinea’s new Large Taxpayer Office (LTO) has now been in operation for three months. Karen McEntee, Tax Partner at KPMG, checks in to see how it is progressing.
Lifting tax credit scheme to five per cent would see millions added to Papua New Guinea road works, says oil palm leader
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13 Apr 2016 by 1 Comment
Lifting the tax credit scheme to five per cent would see a big boost in road building and maintenance, according to the General Manager of West New Britain’s Hargy Oil Palms, Graham King.
In brief: Ok Tedi mine may resume operations in March, and other business stories
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20 Jan 2016 by
The Ok Tedi mine expected to start again in March, the US formally withdraws from fishing treaty, and unions call on government to honour superannuation commitments. Your weekly digest of the latest business news.
The case for reforming Papua New Guinea’s tax regime
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9 Sep 2015 by 5 Comments
After two years of research and hearings, the PNG Tax Review Committee is due to present its final report to Government next month. PricewaterhouseCoopers PNG’s Jason Ellis looks at the tax reform measures it is likely to recommend.
Support for Papua New Guinea government reforms, but also ‘unease’
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18 Sep 2013 by 1 Comment
While its aims of encouraging small and indigenous business are universally supported, the Papua New Guinea Government’s recent dealings with investors have created a ‘feeling of unease’ in some business circles.
Double taxation deal with Indonesia
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4 Jun 2013 by
Indonesia and Papua New Guinea have ratified their double taxation treaty, in a sign of developing closer economic relations.
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