Introduces the law and practice of taxation in Papua New Guinea (PNG) and the inter-relationship between different taxes. The main emphasis is on income tax as it applies to individuals, however, other taxes will be studied including goods and services tax and industry specific taxes. By studying this unit, students should attain a basic working knowledge of the taxes that are levied in PNG. The unit also examines some of the principles behind a good tax system and the administration of taxation in PNG.
1. Overview of the PNG Income Tax System
2. Basic concepts of PNG Income Tax
3. Concepts of Income including statutory and exempt income
4. Allowable Deductions
6. Taxation of non-residents and foreign income
7. Taxation of Individuals
8. Taxation of Companies
9. Mining Tax and other incentives
10. Introduction to Other Taxation Entities & Tax Planning
11. Tax Administration
12. GST and Other Taxes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||define and state the purposes of taxation||Intellectual rigour||Knowledge of a discipline|
|2||explain the constitutional taxing powers of PNG Government||Knowledge of a discipline|
|3||differentiate receipts that are assessable, capital and exempt under the ITA 1959 as well as deductions that are allowable and non-allowable under the ITA 1959||Knowledge of a discipline||Communication and social skills|
|4||calculate the tax liabilities of different types of taxpayers||Knowledge of a discipline||Communication and social skills|
|5||explain the taxation administration in relation to the processes and systems in place to enhancing tax compliance and revenue collection||Intellectual rigour||Knowledge of a discipline|
|6||explain the best tax practice available to tax professionals and taxpayers under the ITA 1959||Intellectual rigour||Knowledge of a discipline|
|7||explain the basics of how goods and services tax operates.||Knowledge of a discipline|
- -, Papua New Guinea Income Tax 1959 as Amended.
- Edgar O'Neill, A Guide to PNG Taxation.
Teaching and assessment
Papua New Guinea - IBSU Enga
|Exam: closed book||50%|
Papua New Guinea - IBSU Port Moresby
|Exam: closed book||50%|
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 3
Please check the international course and fee list to determine the relevant fees.