Photo Credit: EMTV
The Internal Revenue Commission (IRC) and the government of East New Britain (ENB) have formed a partnership to work together on tax collection in the province.
IRC commissioner-general Sam Koim and ENB administrator Wilson Matava signed a memorandum of agreement in Kokopo.
ENB ranked third in terms of tax collection, but Matava and Koim believe there is still space for growth.
The collaboration would allow parties to share information while also allowing the province to assist in improving tax compliance.
Matava believes the province's internal income base has a lot of room to develop.
“The ENB government has aspirations to gain autonomy, but that will just be a dream if your internal revenue is not strong,” he said.
“We are here to help, especially in increasing goods and services tax (GST) collections, so that we will give 60 per cent.”
Koim highlighted that taking advantage of the recently implemented small-business tax system has resulted in a good collaboration in the growth of micro and small companies. He said, “ENBPG has aspirations to gain autonomy, but that will just be a dream if your internal revenue is not strong. We are here to help, especially in increasing GST collections so that we will give the 60% of the “more we collect”, to help grow your Provincial economy.”
References:
The National (24 June 2021). “IRC partners ENB to improve tax collection”.
EMTV. “IRC and ENB Provincial Government Inked MOU.”
