IRC urged to Foster private sector environment

The Internal Revenue Commission has been urged to Foster a tax environment that will boost the private sector.

Deputy Prime Minister and Treasurer, Charles Abel, said this today in Port Moresby.

Abel also called for a simplification of the tax system for the benefit of SOEs.

Abel said the private sector was the driver of the economy and needed the enabling environment to prosper.

He added that the Small to Medium Enterprise sector must have a simple tax system.

Meantime, Abel said with the launch of the new corporate plan, Abel called for honesty and no tolerance on corruption.

The 2018 -2022 Corporate Plan outlines a transformation path for the IRC to implement the Government's agenda.

IRC Commissioner Betty Palaso says it includes administrative reforms and how the IRC assists the country with revenue generation.

Author: 
Cedric Patjole