Papua New Guinea

Paying Taxes in

Papua New Guinea

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 1 153 30.0% taxable profits 22
Employer paid - Superannuation 12 8 8.4% gross salaries 9.5
NCDC land tax 1 various rates value of unimproved land 3.7
Land lease tax 1 0 various rates value of unimproved land 3.7
Employer paid - Training tax 1 2% gross salaries 2.3
Vehicle tax 1 various rates type of vehicle 0.8
Fuel tax 1 included in fuel price included in fuel price 0.2
Tax on insurance contracts 1 6.50% insurance premium 0.1
Tax on check transactions 1 0 0.01% withdrawals from bank account 0.1
GST (VAT) 12 33 10.0% value added not included
Stamp duty 1 various rates small amount
Totals: 33 194 42.3
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