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Understanding the Small Business Tax (SBT) in PNG – What It Means for a Sole Traders or SME
Small business owners and sole traders in Papua New Guinea are reminded that the Small Business Tax (SBT) for Q3 is due on 28 October. The SBT is a simplified tax system by the Internal Revenue Commission (IRC) designed to make tax reporting easier for micro and small enterprises earning up to K250,000 per year. With rates as low as K250 annually, it’s one of the easiest ways to stay compliant and build your financial credibility.
At SmartBiz Pacific, we help SMEs, startups, and sole traders manage their tax registrations, bookkeeping, and returns — so you can focus on running your business while we handle your tax and compliance challenges.