Taxation

With the Government’s intention to collect revenue from the Internal Revenue Commission (IRC), the Tax office has put a significant pressure on the companies and individuals to comply with tax laws.

We have exceptional expertise in this area, we offer strategic consultancy from the establishment of new entities to resolving tax conflicts with the tax authorities. We advise clients on how to achieve their business objectives by reducing their tax risks and meeting their compliance obligations.

Taxation in Papua New Guinea

Preparation of income tax returns, SWT, GST and other tax returns
Other tax matters – TIN certificate, GST refund, de-registration, stamp duty, COC, GST exemption, TIN certificate, tax clearance certificate
Complicated tax issues with the Internal Revenue Commission (IRC)

Value-add

Timely lodgement of tax returns
Attend to complicated tax issues in solving error on the IRC SIGTAS system

Payroll Services

Payroll tax calculation (SWT – Citizen and Non- citizen)
Posting of payroll transactions
Fortnightly payroll runs for employees through Kundu Pei

Value-add

Simplify payroll processing
Alignment to regulations
Insights derived on tax compliance

Consultancy Services

IPA/ROC

Local company registration
Business name registration
Incorporation of association
Foreign enterprise registration and certification
Preparation of annual returns
Renewal of business names
Bi – annual reports
Change of directors
Change of company details
Reinstatement and deregistration of company

Taxation Services

TIN certificate (TIN 1 & 2)
New or renewal of certificate of compliance (COC)
Monthly tax returns for GST, SWT & other tax returns
IRC error corrections with complicated tax issues
Stamp duty for new or investment properties
Tax clearance certificate (TCC)
Tax exemption for clubs, NGOs, associations and sporting bodies
GST refund for credits available or over payment of taxes

Other Services

Business Email set up
Business Website design and hosting
Company or business profile
Association profile
Proposal writing
Assist with opening of bank account
Assist with acquiring of bank loan
NID and passport services
Trust account management services

Our Clients

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 process. Failure to comply with this directive will have significant consequences, leading to the de-registration […]

The Importance of Tax Returns and Updating Your TIN Profile at IRC

The Internal Revenue Commission (IRC) has recently announced the de-registration of inactive Taxpayer Identification Numbers (TINs), causing widespread concern among individuals and SME owners who have not been compliant with their tax returns. At SmartBiz Pacific, we are here to emphasize the importance of staying on top of your tax obligations and updating your TIN […]

Exciting News: SmartBiz Pacific Expands to Kokopo & Mt Hagen!

We are thrilled to announce that SmartBiz Pacific (SBP) has expanded its reach by opening new branches in Kokopo, East New Britain Province, and Mt Hagen, Western Highlands Province. This strategic move is set to bring our comprehensive range of services closer to the thriving communities and SMEs in the New Guinea Islands and Highlands […]