PNG collects low tax from mining and petroleum companies, says Asian Development Bank
APRIL 7 2022 The Papua New Guinea tax take from mineral and petroleum companies is notably low, according to the Asian Development Bank’s Asian Development Outlook (ADO) 2022, which was released on April 6, 2022. “Only 7.0% of all tax revenue in 2019, equal to 0.6% of GDP, came from mining and petroleum companies in …
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