Expenditure on new buildings of the housing of industrial plant, or for the storing of raw material or finished products also qualifies for the 100% accelerated depreciation.

Export Market Development

Certain expenditure is uncured on export market development for goods manufactured in PNG or for promotion of tourism in PNG, a double deduction is allowed for those costs.

Export Incentives for Manufacturers

Taxpayer who export certain qualifying goods manufactured by them in PNG are entitled to an income tax exemption of 100% of export sales made prior to the last day of the 3rd year following the date export sales were first made.

Agriculture, Fishing & Tourism

Expenditure on new plant or articles in respect of agricultural production, commercial fishing activities, and boats and ships used solely as dive/snorkelling boats qualifies for a 100% accelerated depreciation deduction.

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