Oil Search Ltd appoints a new Group Secretary and the Internal Revenue Commission announces a Commissioner General.
Analysis: testing out Papua New Guinea’s new Large Taxpayer Office
Welcome,
12 Feb 2019 by Leave a Comment
Papua New Guinea’s new Large Taxpayer Office (LTO) has now been in operation for three months. Karen McEntee, Tax Partner at KPMG, checks in to see how it is progressing.
Economic update: slow but steady resurgence in the Papua New Guinea economy
Welcome,
27 Feb 2018 by 1 Comment
Papua New Guinea is getting its house in order as it anticipates a period of stronger economic growth, driven in part by significant new investment in mineral production and infrastructure. In the first of a two-part series, Andrew Wilkins discusses its economy with business leaders and assesses where it is most likely to head.
Tax amnesty relief for business in Papua New Guinea
Welcome,
15 Nov 2017 by Leave a Comment
The Commissioner-General of the Internal Revenue Commission (IRC), Betty Palaso, has announced a temporary tax amnesty for business in Papua New Guinea. Penalties that would normally be imposed by the IRC on late lodgement of annual tax returns and late payments will not be applied for the rest of 2017.
In brief: Dual citizenship a reality by March, and other business stories
Welcome,
14 Feb 2017 by Leave a Comment
Dual citizenship almost a reality, Wereh outlines the impact of climate change on road design and funding, and the cost to business of family violence revealed. Your weekly digest of the latest business news.
In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories
Welcome,
30 Mar 2016 by Leave a Comment
Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.
Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts
Welcome,
19 Nov 2014 by 5 Comments
The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.
Business gets serious about Papua New Guinea tax review
Welcome,
12 Feb 2014 by 4 Comments
Business in Papua New Guinea is now starting to focus on the looming deadlines for the country’s taxation review – a review that could have major implications for business, including the country’s resources sector.
‘Simpler and faster’ Papua New Guinea tax system on its way?
Welcome,
5 Mar 2013 by
Electronic submission of tax returns and assessments, and a simpler Papua New Guinea tax system are just two of the measures to be delivered under the Internal Revenue Commission’s (IRC) new 2013 to 2017 corporate plan, launched last month.
USD 0.251
AUD 0.3939
GBP 0.1966
EUR 0.2385
NZD 0.4333
JPY 38.07
SGD 0.3368
Recent readers’ comments