This chapter examines the tax system of Papua New Guinea, focusing on those budget and tax changes guided by the Medium-Term Revenue Strategy 2018-22, including: new revenue measures under the 2019 National Budget; the Companies Act Requirement; the Investment Promotion Act; the rules on corporate taxation; withholding tax; non-resident insurers tax; overseas shippers tax; and tax credits,...
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Efforts to improve public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on the extractive industries. Backed by macroeconomic development plans, Prime Minister James Marape’s administration is seeking to improve debt management, reduce foreign exchange imbalances, widen access to social services and provide greater employment opportunities.
Articles & Analysis | New budget law introduces accounting mechanisms to optimise mission-oriented public spending in Tunisia from The Report: Tunisia 2019
In order to improve the allocation of public funds the new budget law – Law No. 15 of 2019 – introduces the concept of medium-term budget forecasts. This legislative reform entails the establishment of a new accounting system to be used for the state funding of programmes to meet policy objectives.
Articles & Analysis | Tunisia passes legislative reforms to streamline business regulations and boost investment from The Report: Tunisia 2019
Tunisia improved eight places to rank 80th out of 190 countries in the World Bank’s “Doing Business 2019” report. While this reflects a significant improvement in the country’s business and investment climate over one year, the government is committed to improving this ranking further, securing a position among the top-50 countries worldwide...
Interviews & Viewpoints | Moncef Boussannouga Zammouri, Managing Partner, KPMG: Interview from The Report: Tunisia 2019
In what ways is an effective taxation regime essential for the stability of the country?
Articles & Analysis | Tunisia passes new legislation to boost domestic and foreign investment from The Report: Tunisia 2019
Combining its strategic geographical location, a highly skilled labour force and competitive operational costs, Tunisia has long been a popular destination among international investors. Indeed, the country has positioned itself as a springboard for those looking to enter the African market, as well as an important international centre for...