Home General Information Direct Taxes Indirect Taxes Contact Us Links Downloading Reports  will require Acrobat  Reader. (click below)	DIRECT TAXES - Tax Incentives (click on heading below then click again) Accelerated Depreciation Initial year Depreciation Export Sales Export Market Development Rural Development East New Britain/Bouganville Staff Training Tax Incentives PNG offers a number of attractive tax incentives which new and existing investors may wish to take advantage of. Initial Year Depreciation An initial year accelerated depreciation allows the capital cost of certain new assets to be written down at a faster rate then would otherwise be possible.
		Type of Plant	Rate in addition to normal depreciation
		New Plant (other than resident property with a cost exceeding K100,000) with a life exceeding five years used in Papua New Guinea in manufacturing, construction, transport, storage, communication or agriculture production.	20%
		Modification of plant for the purpose of conserving fuel input.	20%
		Expenditure on converting oil-fired plant to non oil-fired plant.	30%
		Expenditure on acquiring new non oil-fired plant.	30%
	New oil fired, plant is excluded from the accelerated depreciation provisions, except for new ships and aircraft. View and Print Tax Incentives (Incentives.PDF 7KB)

Home | General Information | Direct taxes | Indirect taxes | Contact Us | Links

© 2002 - 2003 Internal Revenue Commission PO Box 777 Port Moresby, NCD Papua New Giinea Phone: +675 322 6600 | Fax: +675 321 4249 email: info@irc.gov.pg

Daltron Electronics Limited. P.O Box 2058 Boroko NCD Phone: +675 325 7477 | Fax: +675 325 1820