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Income Tax, Dividend (Withholding) Tax and Interest (Withholding) Tax Rates (2024 Budget) (Amendment) Act 2023

PAPUA NEW GUINEA

Income Tax, Dividend (Withholding) Tax and Interest (Withholding) Tax Rates (2024 Budget) (Amendment) Act 2023

No. 24 of 2023.
Certified on : 16 JAN 2024

ARRANGEMENT OF SECTION.

General Rates of Income Tax on Taxable Income Payable by Resident Persons other than Companies (Amendment of Schedule 1).

AN ACT

entitled

Income Tax, Dividend (Withholding) Tax and Interest (Withholding) Tax Rates (2024 Budget) (Amendment) Act 2023,

Being an Act to amend the Income Tax, Dividend (Withholding) Tax and Interest (Withholding) Tax Rates Act 1984,

MADE by the National Parliament to come into operation on 1 January 2024.

GENERAL RATES OF INCOME TAX ON TAXABLE INCOME PAYABLE BY RESIDENT PERSONS OTHER THAN COMPANIES (AMENDMENT OF SCHEDULE 1).

Schedule 1 of the Principal Act is amended in the heading of Table 5 by repealing the words "to 31 December 2023" and replacing them with the following:

"and onwards.".

I hereby certify that the above is a fair print of the Income Tax, Dividend (Withholding) Tax and Interest (Withholding) Tax Rates (2024 Budget)(Amendment) Act 2023 which has been made by the National Parliament.

Clerk of the National Parliament
16 JAN 2024

I hereby certify that the Income Tax, Dividend (Withholding) Tax and Interest (Withholding) Tax Rates (2024 Budget)(Amendment) Act 2023 was made by the National Parliament on 1 December 2023.

Acting Speaker of the National Parliament.
16 JAN 2024