Tax, Transaction & Accounting

KPMG’s understanding of tax governance and deep industry knowledge helps our clients. Attitudes to tax are changing and tax decisions are in the public eye more than ever. Organizations are becoming increasingly exposed to complex changes in tax regulation – not just locally but globally.

Tax, Transactions & Accounting (TTA) is part of KPMG’s specialist mid-market division. Every day we work with some of the most exciting, innovative and important businesses in Papua New Guinea. We work with established entrepreneurs, private and family businesses, not-for-profits, State Owned Enterprises listed companies and emerging and fast-growing companies to build thriving organisations. By bringing our diverse expertise together, we give our clients the confidence to focus on the things that will truly make an impact and help them grow.

 Our focus is on building strong client relationships and being the trusted adviser to our clients. As a result of this, we attract people we can trust and who we can put forward to the market to cultivate those relationships. What that translates to is a mix of enthusiastic and inclusive people who all have a passion for the work that we do.

The team in TTA is really approachable. Whether it is a junior team member or a partner, anyone is willing to spare time to help you if you’re stuck on a problem they can help with.

Tax solutions offered include:

• Tax advisory services
• Deal advisory (tax)
• Tax compliance
• Tax health-checks e.g. all taxes, GST, withholding taxes
• Transfer pricing reviews
• IRC penalty remissions
• IRC tax account reconciliations
• Tax clearance and COCs
• Tax due diligence
• Tax effect and deferred tax

Accounting solutions offered include:

• Back-office accounting
• Audit readiness
• Financial statement preparation
• Technical accounting advice
• Trust account management
• Staff training
• Secondments
• Payroll services
• Cash flow forecasts
• Finance policies and procedures
• Fixed asset registers – accounting, maintenance or assessment 

Regulatory solutions offered include:

• Statutory compliance
• Capacity building
• Company registration and set up
• Work permit/ visa immigration
• Corporate governance policies/charter