Pg Tax Overview

---
name: pg-tax-overview
description: "Source-cited draft: tax overview for Papua New Guinea (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/pg-tax-overview"
  jurisdiction: "PG"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Papua New Guinea Tax Overview

## PNG tax system at a glance

Papua New Guinea taxes income under the Income Tax Act, administered by the Internal Revenue Commission (IRC). It operates a calendar tax year, has both personal income tax and a 10% GST, and uses a residence-based system under which residents are taxed on worldwide income.

- **Tax year** — 1 January to 31 December (calendar year)  _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/individual/tax-administration)_
- **Currency** — Papua New Guinea kina (PGK / K)  _(Central Banking Act)_
- **Tax authority** — Internal Revenue Commission (IRC)  _(Income Tax Act — https://irc.gov.pg/)_
- **Basis of taxation** — Residents taxed on worldwide income; non-residents taxed on PNG-source income only  _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/individual/taxes-on-personal-income)_
- **Top personal income tax rate** — 42% percent (on taxable income exceeding PGK 250,000)  _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/individual/taxes-on-personal-income)_
- **Standard corporate income tax rate** — 30% percent  _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/taxes-on-corporate-income)_
- **Does PNG have GST/VAT** — Yes — Goods and Services Tax (GST) at a standard rate of 10%  _(Goods and Services Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/other-taxes)_
- **Individual income tax return deadline** — 28 February following the year of income (30 June if lodged by a registered tax agent)  _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/individual/tax-administration)_
- **Personal tax-free threshold** — None — the first PGK 12,500 of resident income is taxed at 22% (there is no nil-rate band) PGK  _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/individual/taxes-on-personal-income)_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `pg-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/pg-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.