GM Consultants

06/01/2026

Have Your Say: Draft Guidance on Company Vehicles and Tax

Employers, Tax agents, employer federations, and industry peak bodies are invited to review and comment on the IRC’s Draft Public Ruling on Motor Vehicle Non-Cash Benefits.

This draft explains when the use of a company vehicle becomes a taxable benefit, and how employers should treat it for tax purposes. The IRC is seeking practical feedback to ensure the guidance is clear, workable, and easy to apply.

🔗 Read the Draft Ruling here: https://irc.gov.pg/pages/taxes/draft-ruling 

📝 We welcome your comments and suggestions, especially where the guidance may affect payroll, record-keeping, or day-to-day operations.

📅 Submissions close: 12 January 2026

Your feedback will help shape the final ruling and support consistent tax treatment for employers.

Approved for release,

SAM LOI
Acting Commissioner General
Internal Revenue Commission (PNG)

08/11/2025

Thrilled to share that we’ve partnered with Embakai Tech Solutions to bring our vision online! 🚀 Excited to see a modern, secure, and impactful website come to life. This will make it easier for you to access our services, get support, and stay informed.

🙏 Big thanks to GM Consultants for trusting us with the development of their new business website. 🚀

The project is underway and we’re excited to bring their vision online — secure, modern, and built for impact.

06/11/2025

IMPORTANT NOTICE FOR TAXPAYERS
The IRC has introduced revised GST forms under the new Integrated Tax Administration System (ITAS) to improve efficiency and transparency.
✅ Mandatory from 1 Jan 2024
🚫 Old forms will be rejected from 21 Nov 2025
Use only:

G1 Form (dated 1 Jan 2024)
Quarterly G1 Form (for approved lodgers)
FORM CR CREDIT REQUEST (for offsets/refunds)

Ensure compliance to avoid delays.

06/11/2025

🕒 Friendly Reminder: Salary & Wages Tax (SWT) Due Date
The Salary and Wages Tax (SWT) for the previous month (October 2025) is due on Friday, 7th November 2025.

SWT refers to the tax that employers deduct from their employees’ salaries or wages and remit to the Internal Revenue Commission (IRC) on a monthly basis.

All employers are required to declare all employees — both full-time and casual — in the appropriate SWT return form.

📅 Important Due Date Information

SWT is due on the 7th day of the following month.

For example:
• SWT for November 2025 will be due on 7th December 2025.
• However, since 7th December 2025 falls on a Sunday, the due date will shift to the next working day, Monday, 8th December 2025.
• Employers may also choose to lodge and pay earlier on Friday, 5th December 2025.

IRC encourages early lodgements and payments.
If a due date falls on a weekend or public holiday, the deadline automatically moves to the next working day.

Filing and paying on time helps you avoid penalties.

Useful Links
• Learn more about Salary & Wages Tax (SWT):
🔗 https://irc.gov.pg/pages/know-your-taxes/salary-wages-tax
• Make payments online via myIRC:
🔗 https://irc.gov.pg/myirc/payments/make-a-payment
• How to make payments online:
🔗 https://irc.gov.pg/pages/myirc/how-to-make-payments-through-myirc
• Register for myIRC:
🔗 https://irc.gov.pg/register
• How to register for myIRC:
🔗 https://irc.gov.pg/pages/myirc/how-to-register-for-myirc
• Other payment methods:
🔗 https://irc.gov.pg/pages/taxes/making-your-tax-payments

21/10/2025

📢 PUBLIC NOTICE
Dear General Public & Shop Owners,

✅ UPDATED GST ZERO-RATED HOUSEHOLD GOODS
Effective 21 October 2025, the Internal Revenue Commission (IRC) has made one important change:

🔍 Item No. 2 – Tinned Fish
➡ The only exclusion is canned fish for animal consumption.

✔ Know what’s GST-Free for your household!

For full details, see image attached or email [email protected] for further clarification.

21/04/2025

Did you know?
Businesses with well maintained financial records are 50% more likely to succeed in the long run.
Contact us now, we'd love to help you succeed!

22/01/2025

Transform Your Business in 2025!

Our comprehensive accounting solutions make managing your finances easier than ever. From meticulous bookkeeping to insightful financial reports, we provide expert support tailored to your business needs.

What We Offer:

+ Monthly bookkeeping services to keep your records pristine
+ Financial reports for smart decision-making and tax returns
+ Accounting software setup and guidance
+ IPA Annual Returns and re-registration services
+ Customized solutions for every business size

Don't let financial stress hold you back.
Embrace a brighter future and focus on what matters most - growing your business!

👉 Contact us today and let’s build success together!

10/10/2024

Tune in

Sam Koim, the Commissioner General of the Internal Revenue Commission (IRC), will be on the FM100 TalkBack Show today from 10 am to 12 noon to clarify misunderstandings on the current IRC TIN Deregistration process. Tune in to listen and ask questions.

13/08/2024

Let us handle your numbers, while you concerntrate on what you love - growing your business.

17/07/2024

Notice to Lawyers