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SME Tax Challenges & Strategies
Understanding and navigating the complexities of tax regulations is crucial for SMEs to avoid penalties, optimize tax benefits, and ensure business sustainability.
SmartBiz Pacific
SmartBiz Pacific
Navigating the Business Landscape in Papua New Guinea: Your Ultimate Guide to Statutory Compliance with SmartBiz Pacific
starting a new venture or expanding an existing one, we ensure that your journey in PNG's business world is smooth, compliant, and prosperous.
IPA Re-registration Deadline Approaching: Important Notice for Business Entities in PNG
As the November 30, 2023, deadline fast approaches, businesses in Papua New Guinea must be aware of the critical requirement set forth by the Investment Promotion Authority (IPA). This date marks the final opportunity for companies to complete their reregistration…
Understanding the Difference Between Tax Identifier Number (TIN) and Certificate of Compliance (COC) in Papua New Guinea
Understanding the Difference Between Tax Identifier Number (TIN) and Certificate of Compliance (COC) in Papua New Guinea In Papua New Guinea (PNG), businesses are required to comply with taxation laws enforced by the Internal Revenue Commission (IRC). Two essential documents…
Top 5 Financial Auditing Best Practice for Small Accounting Firms in Papua New Guinea for Optimal Results
Top 5 Financial Auditing Best Practices for Small Accounting Firms in Papua New Guinea for Optimal Results As an accounting firm, ensuring the accuracy and reliability of financial statements is crucial to building and maintaining the trust of clients. Financial…
Accounting for a small chicken poultry (kakaruk) project in Papua New Guinea
Here are seven (7) accounting tips for small poultry business owners in Papua New Guinea:
4 Tips to Avoid Tax Penalties by IRC in Papua New Guinea
We always encourage our clients and other businesses to comply with the notices as IRC is sometimes very strict with late lodgement and payments.
Register your business at Investment Promotion Authority (IPA)
Given that the word ‘Company’ is commonly linked to conducting businesses, people have the tendency to register a company to perform any business activity either to make a profit or for charity.
Getting your Certificate of Compliance (COC) from IRC in Papua New Guinea
Before you lodge your COC application, below are few questions that you need to ask or check before you go to your nearest IRC office: