CB Business Consortium

23/05/2023

APPLYING FOR A SMALL BUSINESS TAXPAYER
IDENTIFICATION NUMBER (TIN 4 I)

Individuals need a Taxpayer Identification Number (TIN) if they are earning income, running a business,
employing people, or need to open a business bank account. If your only income is from salary and wages,
then you do not need a TIN. This document is designed to guide you through the process of determining
your obligation to register with the Internal Revenue Commission and completing the registration form.
The instructions below follow the format of the registration form, and provide help about how to complete
each section of the form.
If you already have a TIN but need to change your registration details such as name, address, or director.

12/06/2022

Do not take a blind eye on your statutory obligation as an employer to lodge your SWT Returns as per IRC Calander date as scheduled.

If you still not sure on how to prepare SWT Returns, contact us for professional assistance at an affordable price.

Friendly reminder. SWT is due 7th June 2022

12/06/2022

For employers to take heed

INFORMATION GUIDE:

Salary Packaging – A Guide to the Dos and Don'ts

About this article.
This article addresses general queries concerning salary packaging. This article is for general information purposes only and should not be relied on to address all aspects and cases.
For detailed information on individual cases, taxpayers are encouraged to seek advice from their Tax Professional or individual advice from the Policy and Advice Division of the Internal Revenue Commission.
What is Salary Packaging?
Salary Packaging is a way of structuring your monetary benefits, to address your current and future needs, most effectively and efficiently, utilizing concessions available under the Income Tax Act. Salary Packaging is all about the individual.
Click the link for full information:
https://irc.gov.pg/salary-packaging/

30/05/2022

Get yourself acquaintance with this temporary relief measure

11/10/2021

KNOW YOUR SWT DUE DATE AND AVOID PENALTIES

23/09/2021

Dear SME Owners!

If you want to know the Tax Health of your SME? We can help you with SME Tax Planning. Make appointment. [Book Now]

23/09/2021

GST DUE NOTICE.
Small Business owners may take heed and comply.

02/09/2021

Know your GST Returns filling due date to avoid penalties

21ST AUGUST 2021 is GST ​DUE DATE

​We remind you that the deadline of the obligation of filing and paying the Goods and Services Tax (GST) return for the month of June 2021 is on Saturday the 21st August 2021.


TO AVOID PENALTIES,
IRC encourages early Lodgements and payments however, if the due date falls on a weekend then the Lodgements and Payment falls the next working day.
Filing and Paying early on time can save you from penalties.

Bear in mind that providing inaccurate information in the tax return might not be considered as an oversight, but as a voluntary choice, which would represent a violation of your obligations as a taxpayer, and can attract severe penalties including prosecution under section 95 of the GST Act 2003 and/or section 418 of the Criminal Code Act 1974.

General Information and Updates on GST: For general information on GST, click: https://irc.gov.pg/tax-information/goods-services-tax
For GST Return Forms, Click: https://irc.gov.pg/tax_form_category/gst-forms Unverified GST Credits offsets against Salaries and Wages Tax has ceased. All GST credit returns to be accompanied by Suppliers Listing.

For more information, Click: https://irc.gov.pg/tax_form_category/gst-forms GST will now be withheld and remitted directly to IRC by Department of Finance through the IFMS for suppliers to 37 National Government Departments.

For more information, Click: https://irc.gov.pg/businesses-employers/goods-services-tax/gst-s-65a

02/09/2021

For SME Operators, least you are informed.

Financial Literacy.
What is Small Business Tax?
Why should you register for SBT?
Click here to download pdf version
https://irc.gov.pg/wp-content/uploads/2021/08/Small-Business-Tax.pdf