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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Introductory

Unit aim

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.

Unit content

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

5. Depreciation

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

Learning outcomes

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.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
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
2 explain the constitutional taxing powers of PNG Government
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
4 calculate the tax liabilities of different types of taxpayers
5 explain the taxation administration in relation to the processes and systems in place to enhancing tax compliance and revenue collection
6 explain the best tax practice available to tax professionals and taxpayers under the ITA 1959
7 explain the basics of how goods and services tax operates.

On completion of this unit, students should be able to:

  1. define and state the purposes of taxation
    • GA1:
    • GA4:
  2. explain the constitutional taxing powers of PNG Government
    • GA4:
  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
    • GA4:
    • GA6:
  4. calculate the tax liabilities of different types of taxpayers
    • GA4:
    • GA6:
  5. explain the taxation administration in relation to the processes and systems in place to enhancing tax compliance and revenue collection
    • GA1:
    • GA4:
  6. explain the best tax practice available to tax professionals and taxpayers under the ITA 1959
    • GA1:
    • GA4:
  7. explain the basics of how goods and services tax operates.
    • GA4:

Prescribed texts

  • No prescribed texts.

  • No prescribed texts.
Prescribed texts may change in future teaching periods.