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Papua New Guinea - Overview and introduction

Overview and introduction

Taxation of international executives

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Papua New Guinea individual income taxes, to which all expatriates are subject, are calculated using graduated rates, from 0 percent to 42 percent.

Residents are subject to tax on their worldwide income whether sourced inside or outside of Papua New Guinea, subject to specific credit relief. Non-residents are subject to tax on income derived directly or indirectly from sources within Papua New Guinea only.

The official currency of Papua New Guinea is the Papua New Guinea Kina (PGK).

Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

Disclaimer:

All information contained in this publication is summarized by KPMG, the Papua New Guinea member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on the Papua New Guinea Income Tax Act 1959 and the Papua Superannuation (General Provisions) Act 2000.

Copyright

© 2020 KPMG, the Papua New Guinea member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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