The Social Security Rate in Papua New Guinea stands at 14.40 percent. source: Internal Revenue Commission

Social Security Rate in Papua New Guinea is expected to reach 14.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Social Security Rate is projected to trend around 14.40 percent in 2021, according to our econometric models.

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Papua New Guinea Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.40 14.40 14.40 14.40 2010 - 2019 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 Social Security Rate
In Papua New Guinea, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Papua New Guinea because they help to pay for many social programs including welfare, health care and many other benefits.