GST refund prioritization
Taxpayers in medical services, hospitality, tourism, manufacturing, air transport and agriculture are reaffirmed as being priority cases for GST refunds. Curiously the refunds are considered as part of a “stimulus package and not usual GST refunds”. However, the Commissioner-General will continue to be responsible for approving the refunds in line with ordinary practice, as taxpayers are legally entitled to refunds of GST. He has indicated that whilst verification processes will be followed, additional resources are being allocated to expedite refunds.
For more information, please contact Jason Ellis, Partner - PwC Papua New Guinea.
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