- Zero-Rated GST Announcement: Papua New Guinea’s Internal Revenue Commission has declared that specific essential goods will be zero-rated for GST from June 1, 2025, to June 30, 2026.
- List of Essential Goods: The zero-rated items include baby diapers, tinned fish and meat, cooking oil, coffee and tea, sanitary items, wheat flour and rice, bar soap, and instant noodles and biscuits.
- Pricing Adjustments Required: Registered suppliers and retailers are mandated to adjust their pricing to reflect the new zero-rate on these essential goods as per the IRC’s public notice.
Source Sovos
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