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St Barbara Challenges PNG Tax Bill, Citing Major Calculation Errors
8:15am on Tuesday 18th of February, 2025 AEDT
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Mining
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St Barbara Challenges PNG Tax Bill, Citing Major Calculation Errors
8:15am on Tuesday 18th of February, 2025 AEDT
Key Points
Simberi Gold disputes PGK456.1 million tax and penalty assessment by PNG IRC
Errors identified in capital expenditure deductions and deemed withholding tax calculations
Dispute centers on interpretation of PNG Income Tax Act and accelerated ACE deductions
Support from PNG government and Australian High Commission for resolution
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