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goods and services tax [GST], personal income tax [PIT]) are satisfied. PNG in fact has the highest minimum non-zero tax rate in the region at 30%
Calendário 2025 PNG Fundo Transparente Grátis Imagem Legal Papua New Guinea's Prime Minister James Marape announced tax reforms on 7 February 2025 The corporate tax rate for commercial banks is set at 40 percent for income below 300 million kinas in 2025 and 35 percent from 2026; The corporate tax rate for commercial bank income of 300 million kinas or more is set at 44 percent in 2025, decreasing annually by 1 percent through 2034; Source: news.bloombergtax.com Overall, the tax schedule is more progressive than at independence because of the introduction of the tax-free threshold
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