New tax in Papua New Guinea could complicate Digicel Pacific sale

Late last month, the PNG government announced that it had imposed a new tax that could see Digicel Group’s PNG operations liable to pay a one-time fee of around $100 million, with a further $14 million due for non-payment.
The Additional Company Tax comes as parts of reforms to the Income Tax Act and specifically targets telecoms and banking companies that control over 40% of their respective markets in PNG…

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