A prominent company in the country’s health sector is currently being investigated by the Internal Revenue Commission (IRC) of Papua New Guinea (PNG) for tax evasion.
The IRC Commissioner General, Mr. Sam Koim, issued a statement confirming that an audit conducted by the IRC, revealed a serious level of tax evasion by this particular company, whose name is withheld due to the ongoing investigation.
“The IRC strongly warns that tax evasion through fraudulent means is illegal and that it (IRC) employs rigorous systems to identify and penalize such practices,” said Mr. Koim in that statement released.
The IRC has initiated legal action against the said company to demonstrate its commitment to addressing these fraudulent practices and urges all corporations to act as responsible citizens by fulfilling their tax obligations accurately, thus contributing to the nation’s development.
“The IRC’s strong stance aims to promote tax compliance and protect the integrity of the tax system in the country.