Oro Governor Gary Juffa on the PNG government’s taxation plan. Video: EMTV News
Pacific Media Centre Newsdesk
Oro Governor Gary Juffa has commended the Papua New Guinea government’s move to review its tax collecting efforts for next year.
He says line agencies must examine companies that are breaking or evading Papua New Guinea’s taxation laws.
The government will go into 2018 with a plan for collecting taxes in areas that have had less enforcement of taxation laws.
Governor Juffa, said he was starting with businesses in his province, according to the laws of line agencies — such as the Labour Department, the Internal Revenue Commission and PNG Customs — to review their regulation and compliance systems in managing companies which evade taxes and fees.
The move taken by the Oro provincial government is based on the size of the company, the past behaviour of the company and the sector in which the company operates.
Asia Pacific Report republished EMTV News items with permission.
Article by AsiaPacificReport.nz