Crypto tax in Papua New Guinea
Crypto in Papua New Guinea is taxed as ordinary income.
Treatment
taxed as ordinary income
Long-term
Still taxed
Headline rate
42%
Papua New Guinea taxes an individual’s crypto gains as ordinary income at progressive personal income tax rates up to 42%, with no special exemption for long-term holdings.
“Residents of Papua New Guinea (PNG) are taxed on their worldwide income.[5] Income derived by individuals, including salary or wages income, will generally be taxed at the following rates: ... [top marginal rate] 42%.[5]” — Internal Revenue Commission of Papua New Guinea
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.