Region’s taxmen discuss cooperation at anniversary meet
Tax and treasury officials from the Governments of several Pacific Island nations gathered in Honiara last week for the 10th Anniversary meeting of the Pacific Islands Tax Administrators’ Association (PITAA).<!--more-->
Host nation Solomon Islands’ Government Minister of Finance and Treasury, Rick Houenipwela opened the meet while the country’s Commissioner of Inland Revenue, Mark Bell welcomed the regional delegates. This is the first time that the Solomon Islands hosted the event.
The delegates included several Commissioners of tax administrations in several Pacific countries and were well placed to gain value from the sharing of knowledge and ideas.
Tax administrations in the Pacific Islands region recognised the need to develop a cooperative and collaborative relationship in administering the taxation systems of their respective countries ten years ago. In particular, it was recognised that small tax administrations couldn’t hope to replicate the range of expertise and advanced systems of the more developed tax administrations in larger countries.
In the 10 years since it was formed, PITAA has been instrumental in identifying areas of common need across the Pacific and in turn PFTAC has often provided technical expertise to meet those needs, either in-country or through regional training programmes.
One of the key objectives of PITAA is to help promote international standards and best tax administration practices suitable to the characteristics of Pacific Island countries.