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 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.
East
New Britain and Bouganville Restoration Tax Holidays
Certain income derived from
businesses based in East New Britain and Bougainville Provinces are exempt
from income tax. The period of exemption is from 21 April 1993 to 31 December
2000 for East New Britain. The period of incentive for Bougainville was
extended in the 1999 budget to 2003.
The
exemption does not apply to salary or wage tax, dividend (withholding tax)
foreign contractors' tax, non-resident insurers tax, overseas shipping tax,
management fee withholding tax and prescribed royalty payments.
Double
Deduction for Staff Training Costs
Employers can claim a double
deduction for the salary and wages paid to registered apprentices and
employees attending full time professional training courses at a Government
training institute or a prescribed place of tertiary education.
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and Print Tax Incentives (Incentives.PDF 7KB)
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