--- name: pg-corporate-income-tax description: "Source-cited draft: corporate income tax 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-corporate-income-tax" jurisdiction: "PG" tax_year: "2025" last_updated: "2026-07-13" review_status: "pending_review" --- # Papua New Guinea Corporate Income Tax ## Corporate tax rates - **Corporate tax rates overview** — Resident companies are taxed at a flat 30% on trading profits. Non-resident companies operating through a branch face the same 30% plus a branch remittance tax. Commercial banks and certain resource projects have special rates. _(Income Tax Act)_ - **Resident company tax rate** — 30% % _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/taxes-on-corporate-income)_ - **Non-resident company (branch) rate** — 30% on attributable profits, plus a 15% branch remittance tax on repatriated profits (combined effective rate approximately 40.5%) % _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/taxes-on-corporate-income)_ - **Commercial bank rate** — 35% on taxable income below PGK 300 million; above that, an additional levy applies that reduces progressively from 43% toward 35% year-by-year through to 2034 % _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/taxes-on-corporate-income)_ - **Overseas shippers (non-resident transport)** — 2.4% of gross income derived from PNG % _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/taxes-on-corporate-income)_ - **Mining / petroleum / gas project rate** — Resource projects are taxed under special regimes; mining is generally 30% and petroleum/gas project rates vary by project agreement % (approx — confirm rate per the specific resource project agreement and current rate schedule) _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/taxes-on-corporate-income)_ ## Tax base, withholding taxes and administration - **Tax base and administration overview** — The tax base is worldwide income for resident companies, less allowable deductions. PNG levies withholding taxes on dividends, interest and royalties paid to non-residents. Companies file annually following the calendar year. _(Income Tax Act)_ - **Corporate tax base** — Resident companies are taxed on worldwide income less allowable deductions; non-resident companies on PNG-source income _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/income-determination)_ - **Withholding / non-resident tax on dividends** — 15% (standard); 30% on dividends paid by a non-profit or former non-profit body out of exempt income % (Streamlined non-resident tax (NRT) regime effective 1 January 2026; treaty relief may reduce the rate) _(Income Tax (Dividend Withholding Tax) provisions — https://taxsummaries.pwc.com/papua-new-guinea/corporate/withholding-taxes)_ - **Withholding / non-resident tax on interest** — 15% % (Treaty relief (often 10%) may apply) _(Income Tax (Interest Withholding Tax) provisions — https://taxsummaries.pwc.com/papua-new-guinea/corporate/withholding-taxes)_ - **Withholding / non-resident tax on royalties** — 10% (non-associate recipient); 30% (associate recipient) % (Treaty relief (often 10%) may apply) _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/withholding-taxes)_ - **Treaty dividend cap** — PNG's tax treaties generally cap dividend withholding at 15% _(PNG Double Taxation Agreements — https://taxsummaries.pwc.com/papua-new-guinea/corporate/withholding-taxes)_ - **Corporate tax year** — Calendar year (1 January to 31 December); substituted accounting periods require IRC approval _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/tax-administration)_ - **Corporate return deadline** — 28 February following the year of income (extended to 30 June where lodged by a registered tax agent) (approx — confirm against current IRC lodgment program) _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/tax-administration)_ - **Corporate tax payment** — Companies pay provisional tax in instalments; balance of assessed tax due within 30 days of service of the assessment notice _(Income Tax Act — https://taxsummaries.pwc.com/papua-new-guinea/corporate/tax-administration)_ --- ## Talk to a verified accountant This guide is maintained by the OpenAccountants network — accountants who put their name behind the tax answers AI gives people. The live, always-current version (and the professional behind it) is at [openaccountants.com](https://www.openaccountants.com). - Use it in your AI: https://www.openaccountants.com/connect - Meet the accountants: https://www.openaccountants.com/network > **General reference only.** This document does not constitute tax, legal, or > financial advice. Verify figures against the cited primary sources or with a > licensed professional before relying on them. ## 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-corporate-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/pg-corporate-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.