Author: Administrator

As many of us prepare for another year of doing business, we thought it appropriate to highlight an important aspect of doing and that is ensuring that the company your dealing with has good standing. Many a times, we have fallen victim to individuals that represent themselves as directors of companies when in fact they have no authority whatsoever, let alone as legally appointed directors of the company. Below is an outline of some of the areas you should look at when trying to find out whether the company is legitimate and the persons dealing with and making themselves out…

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Papua New Guinea keeps on popping up in the list of the “Must travel places in 2015”. Here is the list provided by Kelly Rosenfeld which lists Papua New Guinea at number 8.  The main reason to visit Papua New Guinea according to Rosenfeld is: This island might just be one of the most exotic places left on the planet. Our advice? Get there while that’s still the case. With more than 750 different tribes and 10 times the marine diversity of the Caribbean, it’s an ideal place to immerse yourself in cultural discovery and natural wonders. The other countries in the…

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Ever since P&O cruises started cruising to Papua New Guinea as a tourist destination, the popularity of Papua New Guinea for holiday makers has increased. Prior to the cruises, Papua New Guinea was more in demand for the elaborate cultural festivals and the very challenging and adventurous Kokoda trail. But the attraction is no longer confined to these two as even honeymooners are now ticking Papua New Guinea as a serious consideration in their list of destinations. So what has changed? The most obvious of all is the inclusion of Papua New Guinea as a tourist destination by P &…

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All companies and businesses that lodge registration applications at IPA are now also being registered by the Internal Revenue Commission (IRC) for taxation purposes as part of an integrated business registration process. All business entities registering with IPA are now being issued a Taxpayer Identification Number (TIN). Once your registration at IPA is completed, you will be contacted by IRC and the following information will be sent to you: Your Taxpayer Identification Number (TIN) Certificate (to be kept for your records) A TIN registration form for you to complete and return to IRC to finalise your registration; including identification information, and details of…

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It’s pleasing to have received a copy of the December edition of the Independent Public Business Corporation (IPBC) Review which among some interesting articles provides a snapshot on the performance of State Owned Enterprises. The IPBC is a statutory body established to exercise on behalf of the Government, and for the benefit of the State, the trustee ownership of, overarching business management of, and provision of financial resources and services for, certain State assets, notably the corporatized entities known as the State Owned Enterprises, and to act as trustee of other certain prescribed trusts. So which SOE’s performed well and…

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If you are being charged GST on your rental, you might like to consider whether or not you need to pay GST in the first place? To determine whether you should pay GST on your rental invoice, you must first find out whether the person or entity invoicing you is GST registered. The easiest way to find out is to check the invoice for a GST registration number. If one exists, the second step is to check with the Internal Revenue Commission whether that number is valid.  If it is valid then the entity invoicing you is correctly charging you…

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