PNG Pulse is a monthly bulletin aimed to provide useful information about the tax updates, emerging issues, and new regulations that are relevant to your business in Papua New Guinea.
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:
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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.
In this month’s edition, we highlight a number of updates from the IRC, as well as an update on the rewrite of the new Income Tax Act.
