
July 2025
IRC shares key tax updates, including clearer guidance on returns , temporary GST changes for Section 65A payers and zero GST on 13 essential goods now in effect. Budget revenue fell short, but spending was managed.
IRC shares key tax updates, including clearer guidance on returns , temporary GST changes for Section 65A payers and zero GST on 13 essential goods now in effect. Budget revenue fell short, but spending was managed.
The IRC continues to engage with the community during a busy time of the tax year. This month sees an emphasis on the expectations for documentation provided with income tax returns lodged by taxpayers, and other public announcements on various initiatives.
Once again, the IRC has been out and about engaging with the community as well as highlighting a number of actions and initiatives they are pursuing.
The past month has been a very active one for the IRC developments, with historical matters reaching new stages, as well as a number of new initiatives being launched. Some of these key updates and action items include:
So far, 2025 has seen the IRC actively addressing critical issues and developments to enhance its operations and delivery of services to various stakeholders. Key updates and action items include:
This month, the IRC welcomes an international team to conduct a review using the Tax Administration Diagnostic Assessment Tool (TADAT). The team will assess the status of the IRC's ongoing reforms and development efforts.
The IRC remains committed to their mission to build a more robust, modern and efficient tax administration and as usual, there are a range of initiatives and events that they have been conducting during the month to advance their objectives.
This month has seen more activity from the IRC in general awareness as well as their ongoing efforts to obtain an overall view of the taxpayer activity ongoing in the country to improve collection and administration.
A series of deep-dive articles and webcasts—explains how family businesses need to adopt new priorities to secure their legacy.
In this issue, we go into the digital space and touch on crime and security; finding smarter, and better, ways to deal with governance issues and managing increasing business and compliance risks.
This booklet outlines Papua New Guinea's taxation laws for the fiscal year ending 31 December and is a valuable PNG tax reference for those either operating in or planning to enter the market.
PNG needs three critical market reforms if it wants to make the most of its new infrastructure and transform into a self-sustaining digital society.
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