Home General Information Direct Taxes Indirect Taxes Contact Us Links Downloading Reports  will require Acrobat  Reader. (click below)	DIRECT TAXES - Taxation of Companies (click on heading below then click again) Liability of resident companies What is a resident company Determination of income Company tax rates Payment of tax Payment of dividend withholding tax Tax Credits Payment of dividend withholding tax Whenever a Papua New Guinean resident company pays a dividend it must deduct 17% Dividend Withholding Tax and remit it to the Internal Revenue Commission by the 21st day of the following month. Note that the withholding tax is legally a tax on the receipt of the dividend. It's subsequent status therefore depends on the status of the recipient, as outlined below.
		(a) Non resident companies or individuals The dividend withholding tax is a final tax on the dividend.
		(b) Resident Companies The dividend withholding tax may be offset against a liability to deduct this tax when the company pays a dividend itself. The dividend withholding tax credits must be used within seven (7) years.
		(c) Resident individuals The dividend withholding tax is credited against the individual's normal tax liability on that dividend income, to the extent of such liability.
	View and Print Taxation of Companies (Tax of Co.PDF 6KB)

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