Taxation in Papua New Guinea

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The Oro Governor, Gary Juffa, has called on the government of Papua New Guinea to crack down on tax avoidance in the forestry and fisheries industries as well as in the property and consultancy areas of businesses.

Papua New Guinea’s Forestry Minister says operations of the Malaysian logging giant Rimbunan Hijau in his country are monitored closely.

Papua New Guinea, now the world’s largest producer of tropical timber, is losing more than $100 million annually to widespread tax evasion in its logging industry, depriving the impoverished country of needed state revenues as its forests are progressively cleared and degraded, according to a report to be released today.

A new double tax agreement between New Zealand and Papua New Guinea is now in force, Revenue Minister Todd McClay announced today.

New Zealand’s high commissioner to Papua New Guinea says the autonomous province of Bougainville has become a hive of activity.

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