Papua New Guinea

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AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Port Moresby T: +675 324 5200 F: +675 325 0759 reservations@airways.com.pg www.airways.com.pg Rooms: 21 Bacchus rooms, 10 Bacchus juniors’ suites, 9 Bacchus suites, 45 Fountain rooms, 4 Fountain suites, 24 Dakota rooms, 24 Dakota junior suites, 11 Dakota suites, 1 presidential suite. Business...

Approximately 95% of land in Papua New Guinea is known as customary land. Section 132 of the Land Act 1996 (Act) provides that, subject to Sections 10 and 11, a customary landowner has no power to sell, lease, charge or otherwise dispose of customary land or customary rights other than to citizens in accordance with custom. A contract or agreement made by a customary...

Papua New Guinea has taken on a global role in developing policies on climate change, most notably through the successful lobbying to gain recognition for avoided deforestation credits through the UN initiative on Reducing Emissions from Deforestation and forest Degradation (REDD), specifically REDD+ arrangements and via active participation in the Coalition of...

GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea, the national, provincial and local governments.

PwC supports the tax review initiative implemented by the government, which is designed to take stock of Papua New Guinea’s fiscal regime to ensure, among other aims, that it supports the development goals of the country. It must also support competitiveness and efficiency, and be relevant to PNG’s situation now and into the future. Above all, it must be fair....

Articles & Analysis | A run-down on taxation rules from The Report: Papua New Guinea 2014

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...

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