Managing Goods and Services Tax (GST) obligations effectively is essential for businesses operating in Papua New Guinea to ensure compliance, optimise cash flow, and reduce risk. At PwC, we understand the complexities and nuances of GST legislation and offer a full range of services designed to support you through every stage of your GST journey—from compliance to strategic advisory and dispute resolution.
Our compliance team works closely with your finance and accounting functions to prepare and lodge accurate monthly GST returns in line with regulatory deadlines. We conduct thorough reviews of your accounting systems and processes to confirm that GST is being accounted for correctly, helping you avoid errors that could lead to penalties or audits.
Recognising that aspects of GST law can be complex or subject to interpretation, our consultants provide tailored advice on challenging areas such as input tax claims, zero-rating, exemptions, and transactional complexities. By clarifying regulatory uncertainties, we empower your business to make informed decisions and maintain sound GST practices that align with your commercial objectives.
The Internal Revenue Commission’s GST division regularly conducts audits to verify compliance and identify discrepancies. PwC acts as a trusted advisor throughout the audit process, working diligently on your behalf to ensure that the information provided to the IRC is complete, accurate, and well-supported.
We review the technical basis for your GST reporting to confirm it meets all legal requirements, and we liaise directly with IRC auditors to manage communications and streamline the audit experience. When disputes or contentious issues arise, our team strives to reach fair and timely resolutions, helping to alleviate potential financial liabilities and business interruptions.
Effective cash flow management related to GST is critical—particularly for businesses involved in large or complex transactions where GST liabilities can be substantial and timing differences between payments and claims can affect liquidity.
PwC provides specialist guidance to help you forecast and manage GST cash flows to minimise adverse impacts on your working capital. Whether dealing with major asset acquisitions, restructurings, exports, or other high-value transactions, we work with you to structure transactions and payment timings strategically, ensuring your GST obligations are met without compromising operational flexibility.
Our expertise is built on a deep understanding of PNG’s GST framework combined with global best practices and industry experience. We focus on delivering practical solutions that not only ensure compliance but also help you leverage GST management as part of your broader financial strategy—driving efficiencies, managing risks, and enhancing value.
Explore how PwC can support your GST compliance and consulting needs—contact us today to discuss your specific challenges and discover tailored solutions that work for your business.