Papua New Guinea Home Pacific Papua New Guinea Taxes and Costs Taxes on Foreigners' Real Estate Rental Income in Papua New Guinea More PG × Papua New Guinea Financial Overview Overview Income Tax et al Tax Example Taxes if Resident Buying Guide Property Inheritance Country Statistics Property Investments Key Contacts Accountants Lawyers Real Estate Agents Tax on property income in Papua New Guinea November 13, 2017 Effective Tax Rate on Rental Income Monthly Income US$1,500 US$6,000 US$12,000 Tax Rate 20.53% 26.95% 28.82% Click here to see a worked example Source: Global Property Guide research INDIVIDUAL TAXATIONme from sources in Papua New Guinea. Married couples are taxed separately. INCOME TAX Income of nonresidents is taxed at progressive rates. INCOME TAX FOR NON RESIDENTS TAXABLE INCOME, PGK (US$) TAX RATE Up to 18,000 (US$6,000) 22% 18,000 – 33,000 (US$11,000) 30% 33,000 – 70,000 (US$23,333) 35% 70,000 – 250,000 (US$83,333) 40% Over 250,000 (US$83,333) 42% Source: Global Property Guide RENTAL INCOME Rental income is taxed at the progressive income tax rates. Income-generating expenses are deductible when calculating the taxable income. CAPITAL GAINS Capital gains unrelated to business-making activities are not taxed in Papua New Guinea. Capital gains related to business-making activities are taxed at the standard income tax rates. PROPERTY TAXATION There are no property taxes in Papua New Guinea. CORPORATE TAXATION INCOME TAX Income and capital gains earned by nonresident companies are taxed at a flat rate of 48%. Income-generating expenses are deductible when calculating taxable income. Comments Be the first to comment on this article! Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.