PNG IRC

The Commissioner General of IRC, Sam Koim, started his recent address at the PNG National Press Club event organized by the Media Council of Papua New Guinea. Koim has called on the media to change the way they discuss and portray the use of public funds. While Koim's call was directed to the media, nothing is further from the truth with the real culprits being the elected members of parliament who are famously known for large billboards and banners branding their names and face as being the ones paying for such services.

Public FUNDS Are Funded by Taxpayers, Not by Politicians: Papua New Guinea ‘s Tax Chief Urges Media to Highlight the Real Source

Public FUNDS Are Funded by Taxpayers, Not by Politicians: Papua New Guinea ‘s Tax Chief Urges Media to Highlight the Real Source

Public FUNDS Are Funded by Taxpayers, Not by Politicians: Papua New Guinea ‘s Tax Chief Urges Media to Highlight the Real Source Read More »

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The Internal Revenue Commission (IRC) announced the commencement of a comprehensive tax audit into two major mining companies operating in Papua New Guinea.

The Internal Revenue Commission (IRC) announced the commencement of a comprehensive tax audit into two major mining companies operating in Papua New Guinea. We understand that mining is a capital-intensive operation and requires significant investment. Be that as it may, our mineral resources are finite and non-renewable, and we will run out one day.

The Government needs to extract a substantial proportion of the value of the resources extracted for the benefit of its citizens, present and the future. This involves the design and implementation of an appropriate contractual and fiscal system. – Sam Koim.

The Internal Revenue Commission (IRC) announced the commencement of a comprehensive tax audit into two major mining companies operating in Papua New Guinea. Read More »