January 14, 2019

PNG proposes Law to ensure loggers pay tax

The Papua New Guinea government is working on a proposed law that will ensure logging companies which do not pay taxes because of a lack of profits, pay their fair share of taxes.

Commissioner of Tax with the Internal Revenue Commission, Dr Alois Daton, revealed this to NBC News in an interview.

Dr Daton says the proposed law will deal with some logging companies which always declare losses each year, but continue to operate.

Dr Daton says, the government is considering imposing a minimum tax on these companies.

This would mean, these companies would be required to pay some level of tax on whatever amount they make, even if they do not make a profit.