| Pre-shipment Inspection |
G/PSI/N/1/REV.5 |
Papua New Guinea |
2021 |
Sustainable forestry management |
Other measures |
Forestry |
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Environment related objective
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To implement pre-shipment laws regulating the logging industry
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Measure description
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Coverage of the measure
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Papua New Guinea: The legislation is applicable to logging industry, which is specified in Clause 134 of Forestry Act 1991, and Clauses 233 and 234 of Forestry Regulation legislation
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Logging industry
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Type of measure
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Notification of pre-shipment legislation
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ICS - HS Code
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Subsidy amount
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Implementation period
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19/07/2004
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Keywords
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| Subsidies and Countervailing Measures |
G/SCM/N/284/PNG ; G/SCM/N/290/PNG ; G/SCM/N/299/PNG |
Papua New Guinea |
2017 |
General environmental protection |
Tax concessions |
Energy, Mining |
|
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Environment related objective
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To promote environmental protection
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Measure description
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Coverage of the measure
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Income Tax (2012 Budget) (Amendment) Act 2011
(…)
11. INTERPRETATION (AMENDMENT OF SECTION 155).
Section 155 of the Principal Act is amended in Subsection 1 by - (...)
(b) repealing and replacing the definition of "resource project" as follows:
"resource project" means a designated gas project, a mining project or a petroleum project, including any resource environmental protection activity in relation to the designated gas, mining or petroleum project.".
12. DEDUCTION FOR ALLOWABLE CAPITAL EXPENDITURE (AMENDMENT OF SECTION 155E).
Section 155E of the Principal Act is amended by inserting a new subsection after Subsection (6) as follows:
"(7) To the extent that expenditure is incurred solely or predominantly for -
(a) environmental protection activities as defined in Section 72D(1); or
(b) environmental impact study as defined in Section 72E(1); or
(c) site rehabilitation activities,
Section 155E(6) does not apply.".
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Eligible mining, petroleum and designated gas projects
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Type of measure
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Income tax exemption
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ICS - HS Code
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Subsidy amount
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Implementation period
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Calendar years 2014 - 2015
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Keywords
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| Subsidies and Countervailing Measures |
G/SCM/N/253/PNG;
G/SCM/N/260/PNG |
Papua New Guinea |
2013 |
General environmental protection |
Tax concessions |
All products/economic activities |
Income Tax (2012 Budget)(Amendment) Act 2011. |
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Environment related objective
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Some of the tax deductions include environment related activities (site rehabilitation and environmental protection).
11. INTERPRETATION (AMENDMENT OF SECTION 155).
Section 155 of the Principal Act is amended in Subsection 1 by -
(a) inserting, after the definition of "resource right", the following new definition:
"site rehabilitation activity" means an activity carried on by or for a taxpayer to restore or rehabilitate (whether partially or fully) a site on which the taxpayer for the purposes of producing income, carries or carried on a resource project to the condition, or a reasonable approximation of the condition, it was in before operations were first started on the site (whether the activity was first started by the taxpayer or a predecessor of the taxpayer whether immediate or otherwise), including any activities as prescribed by regulation; and
(b) repealing and replacing the definition of "resource project" as follows:
"resource project" means a designated gas project, a mining project or a petroleum project, including any resource environmental protection activity in relation to the designated gas, mining or petroleum project.".
12. DEDUCTION FOR ALLOWABLE CAPITAL EXPENDITURE (AMENDMENT OF SECTION 155E).
Section 155E of the Principal Act is amended by inserting a new subsection after Subsection (6) as follows:
"(7) To the extent that expenditure is incurred solely or predominantly for -
(a) environmental protection activities as defined in Section 72D(1); or
(b) environmental impact study as defined in Section 72E(1); or
(c) site rehabilitation activities,
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Measure description
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Coverage of the measure
|
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Income Tax (2012 Budget)(Amendment) Act 2011.
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Export-oriented Companies. Section 45B of the Income Tax Act is an export incentive provided to the companies by the Government, which aims to attract export-oriented manufacturing and foreign investment through the provision of export incentives. It provides for exemption from income tax, of profits resulting from new export sales.
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Type of measure
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Income tax exemption
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ICS - HS Code
|
|
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Subsidy amount
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Implementation period
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2011-2012
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Keywords
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| Subsidies and Countervailing Measures |
G/SCM/N/243/PNG |
Papua New Guinea |
2012 |
Sustainable mining management |
Grants and direct payments |
Energy |
Income Tax (2012 Budget)(Amendment) Act 2011 |
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Environment related objective
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To promote exports of goods, including any resource environmental protection activity in relation to designated gas, mining or petroleum project
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Measure description
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Coverage of the measure
|
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Income Tax (2012 Budget)(Amendment) Act 2011
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Export-oriented companies
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Type of measure
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Capital expenditure deduction
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ICS - HS Code
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Subsidy amount
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Implementation period
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From 2012 to 2015
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Keywords
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