SMARTER AND EASIER WAYS TO PAY TAXES.
IRC is looking for smarter and easier ways for taxpayers to pay taxes. We want to use modern technology to help taxpayers to do this. Some of the old methods of paying tax are unreliable leading to delays and errors in recording tax payments. This leads us to unnecessarily chasing taxpayers for payments already made. Most taxpayer already use electronic payment methods which provide a quicker and more accurate recording of taxes paid.
IRC is introducing ONE change on the 1st June 2018. That change is to cease the acceptance of Company and Personal cheques. This payment method has been a problem for taxpayers and IRC due to cheques going missing, not being processes or being dishonoured. Most countries do not use cheques regularly and IRC would like to follow that path of modernisation.
The other payment methods mentioned in our notice are existing methods. They are,
- EFTPOS – convenient for rural settings
- Bill Pay (internet banking) – preferred method of payment for banks
- EFT Direct Payments
- KATS Credit transfer – convenient for rural settings
- Bank Cheque/Bank Draft
- TIN (Tax Identification Number)
- Tax Type. E.g. GST, CIT, SWT
- Tax Period. E.g. 04/18 for April 2018
IRC understands that this one change can be confusing to people so we are organising awareness
campaigns in Port Moresby and in the Provinces.
IRC is also reminding taxpayers to include the following information on your electronic payment.
Following this process will ensure your tax payment is promptly and accurately recorded by IRC
and you will not be called to pay more than your fair share of taxes.
For more information on Tax Payments click here:
Download Tax Forms here: Tax Forms