Expenditure on new buildings of the housing of industrial plants, or for the storing of raw materials or finished products also qualifies for 100% accelerated depreciation.
Export Market Development
Certain expenditure is uncured on export market development for goods manufactured in PNG or for the promotion of tourism in PNG, a double deduction is allowed for those costs.
Export Incentives for Manufacturers
Taxpayers 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 plants or articles in respect of agricultural production, commercial fishing activities, and boats and ships used solely as dive/snorkeling boats qualifies for a 100% accelerated depreciation deduction.