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Old 08-03-2003, 04:48 PM
Bob Petras Bob Petras is offline
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Sales Tax in PNG

Is there a sales tax in Papua New Guinea charged by the Government in Port Moresby ?

When I lived there, it was basically a tax free haven, no import duties, taxes etc. making imported products from Europe and Japan quite cheap.

It this still the case ?

Appreciate any replies.
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Old 08-03-2003, 05:06 PM
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Import Duties apply now, and now there's VAT (Value Added Tax) - similar to GST, basically 10% on top of the sale value.
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Old 08-03-2003, 05:16 PM
Bob Petras Bob Petras is offline
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Sales Tax in PNG

Thanks for your reply.

Loooks like it isn't cheap any more.

So much for the Australians buying a new
Japanese car in PNG and holding it for 18 months before shipping it back to Australia.

I did it. Purchased a new Toyota Corolla for $2700.00 in January 1972 and shipped it back to Sydney. My cousin sold it in 1975 for $2710.00 !

It was a 4 door Corolla which wasn't available in Australia plus it also had factory installed air-conditioning.
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Old 08-03-2003, 11:06 PM
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Check out the exchange rates on our website and you will see how things have changed.

Hence, nothing is cheap here anymore !

A guy I work with bought a car 18 months ago for 16,500 Kina and some bastard stole it from out side out work.

To buy the same equivalent motor vehicle today March, 2003 will set him back K25,000

To add insult to injury, the motor vehicle was insured for K17,000 and the insurance company will only reimburse him K11,000. He is trying to fight the case but they are not budging and looks like he will only get K11,000 less K1000 excess.

Yep, and he has the choice of borrowing more again for another car or settling for one a lot less standard wise from his previous car to purchase for K11,000 as he is still paying off his loan from the first purchase.

Is he impressed....NO....and still has 18 months to run on his contract.
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