These are a series of special alerts from Deloitte Papua New Guinea to provide you with updates on specific sections of the draft new Papua New Guinea Income Tax legislation.
The draft rewrite of the Income Tax Act (referred to as the new Act) contains many important implications for taxpayers to consider. We have prepared ten alerts highlighting how the new Act may affect various aspects of a taxpayers business. These Alerts are updated to the 9th draft of the new Act. It is expected that the new Act will be introduced to Parliament in late November 2022, or if not early in 2023, and will come into effect from 1 January 2024.
Please reach out to us should you require further information.