Main | History | Objectives | Members | Contact Us    
 
   
  Executives
  Membership Info
  Investor Info
  Publications
  Business Centre
  Join the Chamber
  Links
 

 
  Click here!
 
  About PNG
   
  Supported by:
   
   
TAXES  

                                                                                                                                                            BACK >

 
 

Income Tax

All resident income earners earning less than K5,500 per annum are tax-free.    Others must pay income tax at the following rates (all figures in PNG Kina):

 
 

 

  
 
  Resident Non-Resident Marginal Tax Rate
 

0-5,500
5,000-16,000
16,000 – 70,000
70,000 – 95,000
95,000 and over

0
0 – 16,000
16,000 – 70,000
70,000 – 95,000
95,000 and over

0%
25%
35%
40%
47%
 
 

Value Added Tax

Introduced in 1999, VAT replaced the Provincial Sales Tax. Supply of goods and services are taxed at 10%.

Withholding Tax

Dividend witholding tax (DWT) is charged at 17%.

Company Tax

Private and public companies are generally taxed 25%, but variations occur     as below:
 

  Rate Type of Company  
 

25%

Resident Companies

not engaged in mining or petroleum operations

  

 

 

 

 
 

48%

Non-resident Companies

including those engaged in mining operations
 

30%

Resident Mining Companies

with Special Mining Lease
 

45%

Petroleum Companies

resident and non-resident
 

30%

Gas Companies

resident and non- resident
 

 

 

 

 

 

 

 

 
 
Disclaimer:  
We advise that information is not necessarily the most updated version. You are recommended to consult an accountant or a lawyer before acting on information from our website. This is provided as a public service and an indicator only of PNG economic situation. For business queries, visit our Business Assistance Centre online.    
   
 

Member of Confederation of Asia Pacific Chambers of Commerce and Industry