Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air...
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...
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...
The decision of the Supreme Court – Papua New Guinea Forest Authority vs Minister for Forests PGSC 24 of September 17, 2017 – regarding the question of the taxation powers of the National Parliament represents a significant legal development.
GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Laws) regulate the legislative powers of the national,...
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