Papua New Guinea’s Mining Fiscal Regime: H2 2015

GlobalData's fiscal regime report covers Papua New Guinea which has a variety of natural resources such as gold, copper, silver and natural gas. The Mineral Resources Authority (MRA) is the authority responsible for governing the mining industry in Papua New Guinea. The Mining Act 1992 is the apex law for the mining industry

Scope

The report outlines the governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes royalty, development levy, corporate tax, withholding tax, stamp duty, tax incentives, loss carry forward, capital and exploration expenditure – allowable deductions, and goods and service tax(GST)

Reasons to buy

Gain an overview of Papua New Guinea’s mining fiscal regime

Table of Contents

1 Executive Summary

2 The Papua New Guinean Mining Industry – Governing Bodies

2.1 Mineral Resources Authority

2.1.1 Corporate Services Division (CSD)

2.1.2 Development Coordination Division (DCD)

2.1.3 Geological Survey Division (GSD)

2.1.4 Regulatory Operations Division (ROD)

2.1.5 Special Projects Unit (SPU)

2.2 Chamber of Mines and Petroleum

3 The Papua New Guinean Mining Industry – Governing Laws

3.1 Mineral Resource Authority Act 2005

3.2 Mining Act 1992

3.3 Environment Act 2000

4 The Papua New Guinean Mining Industry – Licenses

4.1 Exploration License

4.2 Mining Lease

4.3 Special Mining Lease

4.4 Lease for Mining Purposes

4.5 Mining Easement

5 The Papua New Guinean Mining Industry – Key Fiscal Terms

5.1 Royalty

5.2 Development Levy

5.3 Corporate Tax

5.4 Withholding Tax

5.5 Stamp Duty

5.6 Tax Incentives

5.7 Loss Carry Forward

5.8 Capital and Exploration Expenditure-Allowable Deductions

5.8.1 Allowable Capital Expenditure

5.8.2 Exploration Expenditure

5.8.3 Allowable Exploration Expenditure

5.9 Goods and Service Tax (GST)

6 The Papua New Guinean Mining Industry – Future Development

7 Appendix

7.1 Abbreviations

7.2 Secondary Research

7.3 Primary Research

7.4 Contact GlobalData

7.5 About GlobalData

7.6 GlobalData’s Services

7.7 Disclaimer

List of Tables

Table 1: The Mining Industry in Papua New Guinea – Fiscal Regime Terms and Other Taxes, 2015

Table 2: The Mining Industry in Papua New Guinea – Withholding Tax (%), 2015

List of Figures

Figure 1: The Mining Industry in Papua New Guinea – Commodity Mines at Different Stages (Number of Mines), 2015

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