Small Business Tax – SBT

Introduction

Small Business Tax (SBT) law was passed by Parliament in 2019 and 2020. This is an initiative of the Marape Government to reduce, not only the compliance burden of micro and small operators, but  introduce significantly low concessional tax rates of those individuals who are operating micro and small businesses.    SBT will be launched on the 4th of June 2021.     


On the 18th and 19th of February 2021, IRC hosted ” Small Business Tax Forum Program”. Theme: “SBT – A simpler Tax Regime for Small Businesses”. Below are the presentations of the 2x days event.

DAY 1 PRESENTATIONS: SBT SPECIFIC

Small Business Tax Regime PPT_SMEC_Barry Sausiapdf_file_ico.jpg - 779 Bytes
SBT update pb130221V3_Pauline Brepdf_file_ico.jpg - 779 Bytes
SBT REGISTRATION_Hellena Solienpdf_file_ico.jpg - 779 Bytes
SBT Forum_CEFI PPTpdf_file_ico.jpg - 779 Bytes
SBT Filing_Jennifer Jonathanpdf_file_ico.jpg - 779 Bytes
SBT Electionpptx_Ketty Masupdf_file_ico.jpg - 779 Bytes
Policy Rational for Small BUsiness Tax-FINAL _Andrew Oaekepdf_file_ico.jpg - 779 Bytes
Ginigoada_FLS presentation_Daniel Walopdf_file_ico.jpg - 779 Bytes
DIHO BUSINESS CONSULTANTS_Alexander Dogopdf_file_ico.jpg - 779 Bytes

DAY 2 PRESENTATIONS: COMPLIANCE

IRC – Small Business Tax Allen Kedeapdf_file_ico.jpg - 779 Bytes
PPT for SME Forum_v2_Angela Tara_2pdf_file_ico.jpg - 779 Bytes
Stamp Duty_Karo Lakoupdf_file_ico.jpg - 779 Bytes
SBT Tax Clearance Presentation_Katie Picturepdf_file_ico.jpg - 779 Bytes
SBT APEC HAUS Certificate of Compliance_Dollarcruisepdf_file_ico.jpg - 779 Bytes
IRC TIN Registration_Elizabert Avelpdf_file_ico.jpg - 779 Bytes
2021 Tax Payment Awareness Public_Caroline Onapdf_file_ico.jpg - 779 Bytes
GST REFUND OVERVIEW_SMEA_Petereric Andrewpdf_file_ico.jpg - 779 Bytes
SKT SBT Presentation 19.02.2021_Gadoeno Gabipdf_file_ico.jpg - 779 Bytes
Presentaion – PNG SME MAGAZINE_Andrew Runawerypdf_file_ico.jpg - 779 Bytes
aCommissioner Tax presentation IRC business process_Sam Loipdf_file_ico.jpg - 779 Bytes

PUBLIC NOTICES

Notice of Management Fee Withholding Tax - [more]

Public Notice: PRWT – Prescribed Royalty Withholding Tax - [more]

Taxpayer Public Notice – Management Fee Withholding Tax - [more]

Reinvigorating Certificate of Compliance - [more]

General Notice to Suppliers of IRC - [more]

GLOBAL FORUM: PNG Peer Review Report on the Exchange of Information on Request - [more]

PUBLIC NOTICE: ISSUANCE OF A SECTION 65A NOTICE - [more]

Appointment for Acting Commissioner of Tax - [more]

Small gains to Report 14.5.2020 - [more]

MOU between IRC and IPA Media Release - [more]