As under the old Companies Act a company is required to prepare an annual return.  It must be lodged with the Registrar each calendar year within 14 days after the annual meeting of the company.  The annual return must be made up to the date of the annual meeting or to a date not later than 14 days after the annual meeting. 

Since the balance date of most companies incorporated in Papua New Guinea is at the end of the calendar year, i.e. 31 December, the last possible date for the lodgement of the annual return without late fees, will be on 15 July.  The lodgement fee for an annual return is K50.  The lodgement fee for an annual return of an overseas company is K100.

Financial Statements 

Reporting companies must attach the certified audited financial statements for the company to their annual returns.

Penalties for Failure to lodge an Annual Return

 Where a company fails to lodge its annual return and, where applicable, it’s financial statements, every director of the company commits an offence and is liable on conviction to pay the following:

•     K10, 000 for not lodging an annual return; and

•     K100, 000 for not lodging the financial statements. 

 Download Forms

Form 22 . Annual Return

The Forms are in PDF format which can be viewed/printed with the free Adobe Acrobat Reader.