Tax revenues are inadequate for self-reliance

By Aloysius Laukai

ABG’s tax collector, Peter Siana, says Bougainville will depend on outside assistance for many years as its internal revenue is in sufficient to run government activities.

Speaking to an economic development seminar, Mr Siana said Bougainville desperately needed one big impact project to boost its capacity for fiscal self reliance.

He said current revenue raised through company taxes and GST is not enough.

He also revealed that many Bougainville companies are not paying their tax, including income tax.

Mr Siana said the people of Bougainville needed to be aware of their obligations and support their government.