On 1 November 2016, the Papua New Guinea Treasurer Patrick Pruaitch delivered the 2017 National Budget to parliament. The Budget includes a number of tax-related measures, including: The standardization of the corporate income tax rate at 30% across all sectors; The standardization of the dividend withholding tax rate at 15% across all sectors; The removal of the 15% interest withholding tax exemption for foreign lenders lending to resource companies; The introduction of a flat 15% foreign contractors withholding tax rate (currently a 48% rate applies on 25% of contract value); and The introduction of Country-by-Country (CbC) reporting requirements in line...