Kua to table amendment Bills in parlt

The National National

PETROLEUM Minister Kerenga Kua will table 10 amendment bills to legislation relating to tax laws.
He told The National that all the laws would be amended to accommodate the agreement signed on the Papua LNG project contract.
“We are trying to synchronise the two,” he said.
“Once the bills are passed, we will move into the implementation phase, which is to prepare for construction.
“All the legislations contribute to the tax laws and described as facilitative of the project proceedings.”
The 10 bills are the:

  • Income Tax (Papua LNG Project) (Amendment) Bill 2019;
  • Income Tax Dividend (Withholding) tax and Interest (withholding) tax rates;
  • Stamp duties (Papua LNG Project) (Amendment) Bill 2019;
  • Goods and Services Tax (Papua LNG Project) (Amendment) Bill 2019;
  • Exercise Tariff (Papua LNG Project) (Amendment) Bill 2019;
  • Customs Tariff (Papua LNG Project) Amendment Bill 2019;
  • Resources Contracts Fiscal Stabilisation (Papua LNG Project) Amendment Bill 2019;
  • Insurance (Papua LNG Project) (Amendment) Bill 2019;
  • Prices Regulation (Papua LNG Project) (Amendment Bill 2019); and
  • Konedobu Petroleum Park Authority (Papua LNG Project) (Amendment) Bill 2019.

Parliament will resume at 10am today.