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Papua New Guinea Budget 2024 Includes Permanent Increase in Tax-Free Threshold for Individuals

|Approved Changes|Papua New Guinea
Papua New Guinea

Papua New Guinea's Department of Treasury has published documentation for the 2024 National Budget, which was delivered in parliament on 28 November 2023. The main tax (revenue) measures of the budget include:

  • The increase in the personal income tax tax-free threshold to PGK 20,000 is made permanent, which effectively abolishes the 22% tax rate (as part of the Budget 2023, the threshold was t…

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