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Old 16-10-2002, 09:29 AM
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Vat Update with Deloitte Touche Tohmatsu 15th October, 2002

Advice received this afternoon from IRC has confirmed the following update on the situation regarding the imposition of VAT:

The stay order will remain in force until 1 July 2003. This means the VAT Act will continue to operate as it did prior to the Supreme Court decision handed down on 27 September 2002. All persons or companies registered for VAT or liable to be registered will continue to lodge VAT returns on a monthly basis and make payments of VAT due to Internal Revenue Commission (IRC) by the 21st day of the following month as was the case prior to the ruling.
For more information, please click on the threads below :

http://www.pngbd.com/forum/showthrea...8745#post18745
Update from the Port Moresby Chamber of Commerce and Industry President:
http://www.pngbd.com/forum/t4530s.html
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