Next year, my Governme nt han allocated K25 million for IRC to procure a top integrated Tax Administration System (ITAS) and another K12 million to set up a GST Monitoring System at all shops where the GST component will be calculated and wired directly to IRC account”
"This Government is intentional, hence putting the money where its mouth is. We are not a government that spends only, but makes productive investments in increasing our revenue," Mr Marape said
With digital technology, Mr Marape assured that automating many functions and processes will eliminate opportunities far human manipulation and corruption. “Digitalisation removes human discretions and indiscretions that produce corruption," he added.
When a cohesive and robust mechanism to collect taxes efficiently with digital technology is established, this will prevent leakages and inevitably boost the collections. The Government is confident that only then, the Government will be in a better position to explore a reduction in some of the taxes, including Personal Income Taxes and Corporate Income Taxes.
“That dream is not far away because we have already taken great strides towards it,” were the reassuring words from the Prime Minister.
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IRC EXCEEDS REVENUE TARGETS IN A DISRUPTED YEAR
By PNG Haus Bung |
December 24, 2021
Next year, my Governme nt han allocated K25 million for IRC to procure a top integrated Tax Administration System (ITAS) and another K12 million to set up a GST Monitoring System at all shops where the GST component will be calculated and wired directly to IRC account”
"This Government is intentional, hence putting the money where its mouth is. We are not a government that spends only, but makes productive investments in increasing our revenue," Mr Marape said
With digital technology, Mr Marape assured that automating many functions and processes will eliminate opportunities far human manipulation and corruption. “Digitalisation removes human discretions and indiscretions that produce corruption," he added.
When a cohesive and robust mechanism to collect taxes efficiently with digital technology is established, this will prevent leakages and inevitably boost the collections. The Government is confident that only then, the Government will be in a better position to explore a reduction in some of the taxes, including Personal Income Taxes and Corporate Income Taxes.
“That dream is not far away because we have already taken great strides towards it,” were the reassuring words from the Prime Minister.
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