Home General Information Direct Taxes Indirect Taxes Contact Us Links Downloading Reports  will require Acrobat  Reader. (click below)	DIRECT TAXES - Taxation of Individuals (click on heading below then click again) Liability of Individuals Determination of Income Tax Rates for Individuals Dependant Rebate Non resident tax rates Payment of tax Credits allowed Special tax treatment of certain payments Employee Allowances and Benefits Credits Allowed (a) Unilateral credit Papua New Guinea allows a unilateral credit for foreign taxes paid on foreign source income. The credit allowed equals the lesser of either-
		(a) The foreign tax; or
		(ii) The average rate of Papua New Guinea tax on that foreign income.
	A credit is also allowed for the Dividend Withholding Tax deducted from dividends paid by Papua New Guinea companies equivalent to the lesser of either-
		(i) The Dividend Withholding Tax; or
		(ii) The average rate of tax applicable to that dividend income.
	In both cases the credit is deducted from the tax payable and also reduces provisional tax, if any, payable. Credit is also allowed for any Business Withholding Tax or Interest Withholding Tax deducted from payments made to the taxpayer. (b) Credit under Double Tax Agreement Where a resident individual has paid tax on income derived from a source in a country with which Papua New Guinea has a double tax agreement, credit for foreign tax paid is allowed under the terms of the Double Tax Agreement. View and Print Taxation of Individuals (Tax of Individuals.PDF 15KB)

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