25 November 2020
Papua New Guinea's Department of Treasury has published the taxation bills for 2021. The bills provide measures for the 2021 Budget, which was delivered by the Minister of Treasury on 17 November 2020. As provided in the explanatory memorandum, the Income Tax (2021 Budget) (Amendment) Bill 2020 include proposed amendments to:
Further to the income tax measures, several other changes are made regarding customs and excise tax. Click the following link for the Department of Treasury budget webpage for more information.
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