On 28 November 2018, Papua New Guinea's Minister for Treasury delivered the National Budget for 2020 in parliament. Some of the main tax-related measures of the budget taxation bills include: The introduction of a small business tax regime that includes a 2% flat tax on turnover on a quarterly basis for small businesses with annual turnover below PGK 250,000, excluding professional services businesses (flat tax of PGK 400 annually if below PGK 50,000); A change in the 3:1 debt-equity ratio for resources companies for thin-capitalization purposes to 2:1 (ratio for resources companies aligned with the ratio for all other companies);...