WorldTax Compareโ† All Comparisons

Guyana vs Papua New Guinea
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฌ๐Ÿ‡พ Guyana
vs
๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
28โ€“40%
40% top; oil revenue transforming economy
No change
22โ€“42%
42% top; resource boom affecting distribution
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
14%
14% maintained
No change
10%
GST 10% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25โ€“40%
25% non-oil; oil sector revenues dominant
No change
30%
30%; new LNG projects fiscal terms negotiation
No change
Capital Gains Tax
Capital Gains Tax
20%
20% CGT
No change
17%
17% non-residents
No change
Social Security & Payroll
Social Security / Payroll
~14%
NIS reform; oil wealth funding social expansion
No change
~12.5%
Superannuation fund growth; coverage limited to formal
No change
State, Regional & Local Taxes

๐Ÿ‡ฌ๐Ÿ‡พ Guyana โ€” Regional & Municipal Taxes

Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.

๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea โ€” Provincial & Local Government Taxes

Papua New Guinea's 22 provinces and the National Capital District levy their own provincial income taxes on certain income types, business licence fees, and sundry local charges. The Internal Revenue Commission (IRC) administers national taxes. PNG's economy is dominated by extractive industries (LNG, gold, copper) under fiscal resource contracts. The LNG sector has transformed government revenues. Significant informal economy and subsistence agriculture outside the formal tax base. A GST at 10% applies broadly.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Guyana vs Papua New Guinea: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea has a higher top income tax rate (28โ€“40% vs 22โ€“42%). ๐Ÿ‡ฌ๐Ÿ‡พ Guyana is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Guyana has a higher consumption tax (14% vs 10%).

๐Ÿข Corporate Tax: ๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea offers a lower corporate rate (30% vs 40%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea taxes investment gains at a lower rate (17% vs 20%), benefiting investors.

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