Papua New Guinea - Taxation
Company incomes are taxed at a rate of 25% to 50%. Additional profits tax is calculated on the net profits of mining and petroleum companies at a rate of 35% to 50%. In addition, progressive tax rates are applied to individuals' wages and salaries, with taxes automatically withheld from paychecks. Tax rates range from 10% to 35%. Land and property taxes, estate and death taxes, gift taxes, stamp taxes, excise taxes, and sales taxes are also imposed.