Additional Company Tax

BSP, IRC announce company tax settlement

Commissioner General of the Internal Revenue Commission (IRC), Sam Koim and BSP Financial Group Ltd chief executive officer, Mark Robinson have announced that a settlement of the Supreme Court judicial review of the PNG Government's imposition of the Additional Company Tax has been reached.

In December 2022, pending the judicial review's outcome, BSP deposited K190 million into an escrow account with the Bank of PNG.