Home General Information Direct Taxes Indirect Taxes Contact Us Links Downloading Reports  will require Acrobat  Reader. (click below)

DIRECT TAXES - Taxation of Resource Projects (click on heading below then click again) Income Tax Additional Profits Tax Allowable Capital Expenditure Allowablel Exploration Expenditure Additional Exploration Deductions Accelerated Deductions Operating Expenses Interest Deductions Infrastructure Credit Mining Levy Mining Levy Mining levy is imposed on every person engaged in mining operations carried on in PNG and the amount payable shall be calculated in accordance with the formula set out in subdivision F Section 160 of the Income Tax Act. Every person liable to pay mining levy shall pay that levy within 21 days after the end of the month to which it relates and furnish to the Commissioner General a remittance advice in the form authorised by the Commissioner General, signed by or on behalf of the taxpayer. Commissioner General may, at any time amend an assessment by making such alterations in, or additional to, the assessment as he thinks necessary, notwithstanding that tax may have been paid in respect of the assessment. The amount of mining levy payable shall be an allowable deduction from assessable income under Section 68 of the Income Tax Act. View and Print Resource Projects (Resource Projects.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