Tax
From The Report: Papua New Guinea 2015
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This chapter examines Papua New Guinea’s taxation rules, outlining the government’s focus on improving tax compliance, new double tax agreements recently signed and current corporate taxation guidelines. It also contains a viewpoint from Jonathan Seeto, Managing Partner, PwC.

Articles from this Chapter

Overview

An overview of PNG’s taxation rules
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Papua New Guinea has recorded high levels of economic growth for a number of years, mainly on the back of the PNG liquefied natural gas (LNG) project, which began production in mid-2014. The country’s abundance of natural resources has also seen many of the world’s largest oil and gas and mining companies enter the market. While the economic signs continue to be positive, a major issue facing the PNG government is delivering quality services to the country and its people, especially in health…

Viewpoint

Jonathan Seeto, Managing Partner, PwC: Viewpoint
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Viewpoint:Jonathan Seeto With GDP growth for 2015 initially forecast as high as 21% but now projected at closer to 9%, there is a much more sobering view of short-term growth prospects for businesses in PNG. These sentiments have been shaped by some interesting turns in the business landscape over the last 12 months – not least, the fall in global oil and mineral prices that has caused a large decrease in government revenues. Many businesses are now pondering what the future holds for them…