The Internal Revenue Commission (IRC) Tax Mapping Exercise continues in the city of Port Moresby and remains steadfast in its commitment to a comprehensive and inclusive approach.
According to the IRC, the mapping exercise aims to encompass all taxpayers within the National Capital District (NCD) without discrimination based on sector, nationality, or business size.
The teams updating the taxpayer register know that the significant number of Tax Identification Number (TIN) holders in NCD, remain unidentified for tax compliance purposes; hence, the importance of this taxpayer mapping exercise.
During day 8 of the Taxpayer Mapping Exercise on Friday 23rd June, the IRC teams moved into various areas at Hohola, Tokarara, Waigani and Gerehu suburbs.
As expected, these locations revealed the presence of thriving businesses. Meanwhile, the IRC Commissioner Mr. Sam Koim, had to come out clear last week on the purpose of this Taxpayer Mapping Exercise, to put to end confusion and false assumptions of the exercise.
Mr. Koim said this exercise aims to ensure tax compliance is maintained.
“We would like to clarify that the Taxpayer Mapping Exercise is not intended to single out any particular sector, nationality, or business size. It is solely an exercise in compliance enforcement.”