Sam Koim

IRC Exceeds Gross Revenue Projects

IRC Commissioner General, Sam Koim said despite the COVID-19 pandemic where there was decline in employment and business activities, IRC managed to surpass its Gross Revenue Projects for 2021.

“Despite the subdued economic conditions, IRC collected K9.596 billion, exceeding the target by K375 million.”

Mr Koim said the exceptional perforce was a result of several factors.

IRC on track to make profit

IRC Commissioner General Sam Koim said, “We (IRC) are on target. There are only two times where IRC hit the K8 billion mark. One was in 2014, another one was in 2018. And those were the good times, but this is the most difficult time that we are hitting K8.1 billion and it would be probably more than that by the end of the week.”

Mr Koim said IRC meeting the 2021 target is due to effective collection strategies adopted by the Commission.

IRC Keen On Digitization

Commissioner Koim said, “When I took office two and a half years ago we had challenges at IRC. We had challenges of document management, data. And a lot of laborious manual work.”

He recalled encouraging IRC staff saying, “The first point of changing anything is to acknowledge that there is a problem. If we do not acknowledge that there exists a problem we will never change anything because that doesn’t cause you or give you the urgency to act.”

IRC Launches Online Payment Portal

In its final development stage, IRC Commissioner General Sam Koim announced the development of the online platform on Friday 1 October 2021. Koim described the endeavor as part of the IRC's efforts to achieving a new technological horizon.

At the launch, Koim said IRC has been a passive tax collector for many years. He said the commission has a lot of ‘laborious manual work’ and thus with the launch of the user-friendly client platform, IRC will operate in a more efficient and cost-effective manner.

IRC Online Client Platform Underway

This was made know at a press conference held last Friday, 1st October. IRC Commissioner General, Sam Koim announced that the online client platform is being development by NiuPay Limited.

The platform will offer a suite of IRC taxation services online and would enable individuals, organisations, for the first time to lodge returns, pay their taxes and other interactions previously only performed at an IRC office.

Mr Koim said the platform’s development is part of IRC's efforts to achieving a new technological horizon.

IRC: Mandatory Valuation

The notice was issued to taxpayers, real estate agents, conveyance lawyers, banks, land registry officials, and others involved in land transactions (both sellers and buyers) and the general public.

In a press conference on Friday 1 October, IRC Commissioner General Sam Koim announced the mandatory valuations, saying the IRC has uncovered many instances of gross evasion of stamp duties and undervaluation of properties, thus a requirement for mandatory evaluation.

Koim welcomes GST decision

With the interim order in place, IRC will not be splitting the GST and paying directly to Central Provincial Government, Gulf Provincial Government and Motu Koitabu Assembly.

The National Capital District Commission will be distributing instead.

NCD Governor Powes Parkop said NCDC will continue to honor its commitment with the Central Province and Motu Koita Assembly.

However, it will not make any payments to the Gulf Provincial Government.

IRC to address Tax on Consultants

IRC Commissioner General, Sam Koim, says the current tax on consultants is being abused by companies.

 

Koim said their concern is the manipulation of this tax arrangement by companies who engage people as consultants, but, who fill in line positions or jobs.

 

IRC undertakes de-grouping

IRC Commissioner General, Sam Koim, says the aim of the exercise is to accurately record Goods & Services Tax at the point of sale, in whichever province it may be in, and revert the GST distribution to that Province.

Under the current tax legislation, the IRC distributes 60% of GST attributed to the Point of Sale back to the province in which the transaction was made.

During the signing of the MoU for the establishment of an IRC Office in Gulf Province, IRC Commissioner General Sam Koim, said the IRC was undertaking a de-grouping exercise for GST collections.

IRC to prosecute

IRC Commissioner General Sam Koim says the organization has profiled a number of cases and will begin prosecutions very soon.

Speaking at the launching of the IRC’s 2021 Work Plan, Commissioner General, Sam Koim, said the IRC will begin criminal prosecutions for persons and organizations involved in tax offences.

Koim said the only way to deter tax offenders is to imprison perpetrators.

“If you effectively put people behind bars that’s the time that people will change. That the time tax fraudsters will change,” said Koim.