VALUE ADDED TAX INVALID, PAPUA NEW GUINEA COURT RULES

admin's picture

PORT MORESBY, Papua New Guinea (September 29, 2002 - NAUFM/PINA Nius Online)---Papua New Guinea’s national 10 percent value added tax (VAT) is unconstitutional, the Supreme Court has ruled.

The power to levy sales taxes is held by the provinces and cannot be used by the national government at the same time, it said.

The judgment comes as the government prepares its 2003 budget.

The court decision will affect the budget significantly, as VAT was expected to bring in hundreds of millions of kina.

For additional reports from NAU-FM, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/NAU-FM/YUMI-FM: PNG Village (Port Moresby)

Pacific Islands News Association (PINA) Website: http://www.pinanius.org 

Rate this article: 
No votes yet

Add new comment