Tax Evasion Clampdown

The Internal Revenue Commission has announced a clampdown on companies who knowingly evade paying Salary & Wages Taxes. This includes a directive from IRC Acting Commissioner General, Sam Koim, to disallow companies from using GST credits to offset the payment of Salary & Wage Taxes for employees. According to the IRC boss, the practice of using GST payments to offset employee tax payments has been abused over time, with companies, including State-Owned-Entities, using this practice to avoid paying tax – an action which by law is a criminal offense. - visit us at https://www.emtv.com.pg/ for the latest news…