Tax
From The Report: Papua New Guinea 2018
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This chapter examines Papua New Guinea’s tax regime, focusing on corporate income tax, the introduction of capital gains tax as part of a five-year plan, double taxation agreements with other countries and other key subject areas. It also contains a viewpoint from Jonathan Seeto, Territory Senior Partner, PwC.

Articles from this Chapter

Overview

Bird’s-eye view: A high-level look at business taxation law and available incentives
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The 2018 national budget is the country’s first in the new Medium-Term Revenue Strategy (MTRS) that runs from 2018 through to 2022. Budget and tax changes are created to align with the MTRS, which in turn is guided by the government’s 100-day plan and the Alotau Accord II that was signed in August 2017 by Prime Minister Peter O’Neill and eight coalition partners. 2018 Natioal Budget When presenting Papua New Guinea’s 2018 budget in November 2017, Charles Abel, deputy prime minister…

Viewpoint

Setting the stage: Jonathan Seeto, Territory Senior Partner, PwC, on the cultural and infrastructure frameworks needed to foster inclusive growth
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Viewpoint:Jonathan Seeto, Territory Senior Partner In 2017 we predicted that the businesses of Papua New Guinea would be optimistic, despite the challenging year that lay ahead. Thinking about the coming period, we continue to be concerned with how the economy can deliver effectively for our society as we learn how to operate in an environment of fiscal management challenges and growing societal needs. It is fair to say that for most of the economy, the reasons for hopefulness that were identified…