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Save Tax Sharing Agreement in PNG

Save Tax Sharing Agreement in PNG

Aug 6th, 2022

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How to Save Tax Sharing Agreement in PNG

4.7 out of 5

66 votes

The Constitutional and Law Reform Commission (CLRC) met with lay residents on October 8 to gather opinions on various tax-related issues. Key discussion points included potential changes to tax rates, public service tax incentives, contributions from the informal sector, and whether superannuation and retirement benefits should be tax-exempt. CLRC Secretary Dr. Mania Matui noted frustrations among public servants regarding high tax rates, with over half of a typical fortnightly salary of 1000K going to taxes. Concerns were also raised about taxing both the employer's contributions and the interest on superannuation savings, leading to increased public awareness and a demand for fair treatment in taxation.

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