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....
Tax
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Interviews & Viewpoints | Jonathan Seeto, Territory Senior Partner, PwC, on the current tax review and its potential contribution to the economy from The Report: Papua New Guinea 2014
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...
This chapter breaks down the tax environment in Papua New Guinea, examining corporate taxation, residence rules, and other information useful for those interested in investing in PNG. It also features a viewpoint from Jonathan Seeto, Territory Senior Partner, PwC, analysing how PNG’s current tax review initiative may contribute to the economy.
Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction.
Articles & Analysis | Reforms aim to reduce inconsistencies and address inequality from The Report: Colombia 2014
In 2012 the Colombian government took a decision to reform the country’s tax legislation to adjust certain inconsistencies in the system. In particular, the tax reform proposed by the government aimed to accomplish the following five goals: Equality: As in any tax reform, the main goal of the 2012 changes was to obtain equality for all...
