On 13 November 2018, Papua New Guinea's Minister for Treasury delivered the National Budget for 2019 in parliament. Some of the main tax-related measures of the budget include:
- A reduction in the loss carry-forward period to 20 years for resource companies and to 7 years for other taxpayers. Currently, resources companies may carry forward losses indefinitely, while others are limited to a 20-year period;
- The removal of GST zero-rated status for companies that supply goods and services to r…