The Corporate Tax Rate in Papua New Guinea stands at 30 percent. source: Internal Revenue Commission, Papua New Guinea

Corporate Tax Rate in Papua New Guinea averaged 28.75 percent from 1997 until 2020, reaching an all time high of 30 percent in 2003 and a record low of 25 percent in 1998. This page provides - Papua New Guinea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Corporate Tax Rate - values, historical data and charts - was last updated on January of 2021.

Corporate Tax Rate in Papua New Guinea is expected to reach 30.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Corporate Tax Rate is projected to trend around 30.00 percent in 2021, according to our econometric models.

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Papua New Guinea Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
30.00 30.00 30.00 25.00 1997 - 2020 percent Yearly

Papua New Guinea Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 30.00 25.00 percent [+]
Personal Income Tax Rate 42.00 42.00 47.00 42.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 14.40 14.40 14.40 14.40 percent [+]
Social Security Rate For Companies 8.40 8.40 8.40 8.40 percent [+]
Social Security Rate For Employees 6.00 6.00 6.00 6.00 percent [+]


Papua New Guinea Corporate Tax Rate
In Papua New Guinea, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the statutory rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Papua New Guinea.