iCalculator™ PG: Papua New Guinea Tax Calculators
Welcome to iCalculator™ PG, your comprehensive suite of free tax calculators for Papua New Guinea. iCalculator™ has provided free tax calculators for Papua New Guinea since 2019. Since those early days we have extended our resources for Papua New Guinea to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Papua New Guinea Tax Calculator and salary calculators within our Papua New Guinea tax section are based on the latest tax rates published by the Tax Administration in Papua New Guinea. In this dedicated Tax Portal for Papua New Guinea you can access:
Papua New Guinea Tax Calculator 2024/25
The Papua New Guinea Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Papua New Guinea. This includes calculations for
- Employees in Papua New Guinea to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in Papua New Guinea.
Rate and Share, Show you Care 😊 Your feedback and support helps us keep this resource FREE for all to use, thank you.
Discover Papua New Guinea
Papua New Guinea (PNG), located in the southwestern Pacific Ocean, occupies the eastern half of the island of New Guinea, along with numerous offshore islands. It shares a land border with Indonesia to the west, and is surrounded by the Coral Sea to the south, the Pacific Ocean to the north, and the Solomon Sea to the east. PNG's neighbors include Australia to the south, accessible via the Torres Strait, and the Solomon Islands to the east. The country's geographical diversity ranges from coastal lowlands to mountainous regions, hosting a rich array of wildlife and ecosystems.
The cultural landscape of Papua New Guinea is one of the most diverse in the world, with over 800 languages spoken across its provinces. This diversity is reflected in its myriad of traditional societies and customs, with each community having its own unique way of life. The country's cultural heritage is celebrated through vibrant festivals, traditional dances, and elaborate rituals, making it a fascinating destination for those interested in indigenous cultures.
Papua New Guinea's economy is largely based on its natural resources, with key sectors including agriculture, forestry, fisheries, and mining. The country is rich in minerals, including gold, copper, and oil, which constitute a significant portion of its export revenues. Mining and natural gas extraction have attracted substantial foreign investment, contributing to economic growth and development.
Agriculture remains a vital sector for the majority of the population, providing subsistence for rural communities. Coffee, cocoa, copra, tea, and palm oil are among the primary agricultural exports, reflecting PNG's role as an important player in the global agricultural market. The forestry and fisheries sectors also contribute to the economy, exploiting the country's extensive natural resources.
Tourism is an emerging sector, with the country's stunning landscapes, rich biodiversity, and cultural heritage attracting visitors from around the globe. Efforts are being made to develop sustainable tourism that respects the natural environment and promotes cultural preservation.
Despite its resource wealth, Papua New Guinea faces challenges such as infrastructure development, governance issues, and the need for economic diversification. The government is working towards improving public services, enhancing economic stability, and promoting sustainable development to improve the livelihoods of its citizens.
Neighboring Countries
Tax Overview of Papua New Guinea
The taxation system in Papua New Guinea (PNG) is designed to support the country's development goals, providing revenue for public services while encouraging economic growth. The system encompasses various types of taxes, including income tax, corporate tax, goods and services tax (GST), and customs duties, each playing a vital role in the nation's fiscal strategy.
Income tax in PNG is levied on individuals based on a progressive rate structure, ensuring that those with higher incomes contribute a greater share of their earnings. This system aims to promote fairness and equity within the taxation framework. For businesses, corporate tax applies to profits earned within the country, with specific provisions for different industries and activities to foster investment and development.
The Goods and Services Tax (GST) is a broad-based tax applied to most goods and services sold or consumed within PNG. This value-added tax is crucial for generating domestic revenue, funding essential public services and infrastructure projects. GST compliance and collection are streamlined to facilitate ease of doing business and ensure fairness in the market.
Customs duties are imposed on certain imported goods, serving as a source of government revenue and a means to protect local industries. These duties vary according to the type of goods and their origin, with certain exemptions and concessions available to promote specific economic activities.
Resource taxation is an important aspect of PNG's tax system, reflecting the country's rich natural resources. Taxes and royalties from mining, oil, and gas extraction contribute significantly to national revenue, supporting public expenditure and social development initiatives. The government continuously works to balance the interests of investors and the nation, ensuring sustainable exploitation of resources.
The Internal Revenue Commission (IRC) administers the tax system in PNG, overseeing compliance, collection, and enforcement of tax laws. Recent efforts to modernize tax administration include the introduction of digital services for tax filing and payment, enhancing efficiency and transparency.
Understanding the nuances of PNG's tax system is essential for individuals and businesses operating in the country. For those seeking detailed information on tax regulations, including the latest tax tools and tables, our tax hub offers comprehensive resources to assist with tax planning and compliance in Papua New Guinea.