Papua New Guinea pursues treaty with UAE

17 May, 2024

In a recent update from Papua New Guinea's Ministry of International Trade and Investment, it was revealed that delegates from Papua New Guinea and the United Arab Emirates met during the Annual Investment Meeting (AIM) Congress from 7 - 9 May,

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Papua New Guinea: BEPS MLI enters into force

15 December, 2023

On 1 December 2023, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered into force for Papua New Guinea. Regarding the tax treaties between Papua New Guinea and other

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Papua New Guinea deposits its instrument for the ratification of BEPS MLI

18 September, 2023

On 7 September 2023, the OECD published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, Papua New Guinea

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Papua New Guinea signs multilateral competent authority agreement on exchange of CbC reports

30 July, 2023

On 26 July 2023, the OECD published their updated list of signatories for the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country Reports (CbCR), showing that Papua New Guinea joined the agreement on 14 March

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Papua New Guinea: National treasury presents budget 2023 raising the CIT rate for banks

10 December, 2022

On 29 November 2022, the Papua New Guinean Department of Treasury has announced the 2023 National Budget to Parliament, containing increased tax rate for banks. Accordingly, the corporate tax rate on banking institutions will rise to 45 percent from

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World Bank: Economic Update on Papua New Guinea Recommends Tax Changes

06 March, 2022

On 4 March 2022 the World Bank published an economic update on Papua New Guinea recommending changes in tax policy and administration to improve revenue collection. The report notes that tax collection has been in decline, and this has been made

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OECD: Updates to Transfer Pricing Country Profiles

01 March, 2022

On 28 February 2022 the OECD released updated transfer pricing country profiles for 22 countries, together with new transfer pricing profiles for six more countries. This is the third batch of updates for 2021/22. The OECD transfer pricing

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Papua New Guinea: Department of Treasury publishes taxation bills for 2021

24 November, 2020

With a theme of “Consolidation for Growth”, on 17 November 2020, the government of Papua New Guinea has presented Budget 2021 that focuses on fiscal consolidation and stimulating economic growth with the aim of rebuilding the living standards

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Indonesia- Papua New Guinea Double Taxation Treaty (DTA) enters into force on March 5, 2014

01 November, 2014

The Double Taxation Treaty (DTA) between Indonesia and Papua New Guinea has entered into force on March 5,

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DTA between New Zealand and Papua New Guinea entered into force

23 February, 2014

The new double tax agreement between New Zealand and Papua New Guinea entered into force on 21 January 2014. The agreement was originally signed on 29 October 2012. Under the terms of the agreement the maximum withholding tax on dividends is 15%,

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DTA between New Zealand and Papua New Guinea

19 February, 2014

The double taxation avoidance agreement between New Zealand and Papua New Guinea entered into force on January 21, 2014. For withholding taxes the agreement takes on effect from March 1, 2014. As far as other provisions of the agreement, in New

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DTA between New Zealand and Papua New Guinea entered into force

17 February, 2014

On Monday, February 10, 2014 the New Zealand Revenue Minister announced that a new double tax avoidance agreement between New Zealand and Papua New Guinea is now in force. The agreement contains a provision on the exchange of tax information in

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Double Tax agreement between New Zealand and Papua New Guinea

10 December, 2012

New Zealand and Papua New Guinea have recently signed a double tax agreement which will help to reduce impediments for doing business between the two countries. The agreement will come into force after both countries have completed the required

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