|
 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
Liability
of Individuals
From 1 January 1999 most
interest derived by residents or from sources within PNG became taxable. The
Government introduced a 15% Interest Withholding Tax on some interest
payments . This tax is an interim tax except in the case of non-resident
recipients.
Determination
of Income
The expenses of earning the
income are deducted from the gross income earned. Deductions are also allowable
for school fees paid to non-government schools, donations to sporting bodies
and charitable bodies. For salary or wage earners these deductions are
allowed as a rebate.
  View and Print
Taxation of Individuals (Tax of Individuals.PDF 15KB)
|
