In conjunction with PwC, OBG explores Trinidad and Tobago’s taxation system, examining a wide range of areas of special interest to international investors, such as income and corporate tax, petroleum profit tax, withholding tax, VAT and customs tax, among others.
This chapter features a viewpoint with Brian Hackett, Territory Senior Partner, PwC Trinidad and Tobago.
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Optimism is returning to Trinidad and Tobago after years of recession. With the IMF forecasting GDP expansion of 1% in 2018 and 0.9% in 2019, the government now has the opportunity to shift their focus from tackling short-term economic problems to implementing long-term reforms and policy initiatives.
Interviews & Viewpoints | Jonathan Seeto, Territory Senior Partner, PwC: Viewpoint from The Report: Papua New Guinea 2018
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...
Articles & Analysis | An overview of PNG's tax framework and incentive structures from The Report: Papua New Guinea 2018
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...
This chapter examines Papua New Guinea’s tax regime, focusing on corporate income tax, the introduction of capital gains tax as part of a five-year plan, double taxation agreements with other countries and other key subject areas. It also contains a viewpoint from Jonathan Seeto, Territory Senior Partner, PwC.
Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.