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Papua New Guinea Sessional Legislation |
PAPUA NEW GUINEA
Excise Tariff (2023 Budget) (Amendment) Act 2022
No. 71 of 2022.
Certified on: 12 JAN 2023
ARRANGEMENT OF SECTION.
Rates of excise tariff (Amendment of Schedule 1. - Duties of Excise).
AN ACT
entitled
Excise Tariff (2023 Budget) (Amendment) Act 2022,
Being an Act to amend the Excise Tariff Act (Chapter 107),
MADE by the National Parliament to come into operation on -
(a) 1 January 2023 for Schedule 1(a); and
(b) 1 December 2022 for Schedule 1(b).
RATES OF EXCISE TARIFF (AMENDMENT OF SCHEDULE 1. - DUTIES OF EXCISE).
Schedule 1 of the Principal Act is amended by -
(a) repealing the tariff items, description of goods, the rates of excise duties, units and remarks shown in the schedule and replacing them with the tariff items, description of goods, rates of excise duties, units and remarks as shown below –
"
| Tariff Item | Description of Goods | Duty Rate from 1 January 2023 to 30 June 2023 | Duty Rate from 1 July 2023 and onwards | Unit | Remarks |
| 2710.19.10 | Diesel | Free | K0.23 | Per Litre | The extension of the excise duty exemption for another six months starting 1 January 2023 is applicable to the public except the resource
companies, international freight operators and power producer listed in Table 1. The companies listed in Table 1 that are exempted from excise duty under the existing agreements will continue to apply. |
| 2710.12.10 | Petrol | Free | K0.61 | Per Litre | |
| 2710.19.90 | Zoom | Free | K0.02 | Per Litre |
"; and
(b) repealing excise tariff items, description of goods, rates of excise duties and the remarks shown in the schedule and replacing them with the excise tariff items, description of goods, the rates of excise duties and the remarks shown below –
"
| Tariff Item | Description of Goods | From 1 December 2022 to 31 May 2023 | Duty Rate from 1 June 2023 and onwards | Remarks |
| 2208.90.20 | Mixed drinks of a strength more than 3% alcohol by volume, not for medicinal purposes. | K664.63 per lal | K681.24 per lal | The excise rate for alcohol products is adjusted at 6 monthly intervals at 2.5%, on 31 May and 30 November each year. A one-off increase of 493% is applied on Tariff Items 2208.90.20, and 2208.90.30 from 1 December 2022 to 31 May 2023 and 2.5% indexation
rate is applied bi-annual thereon. |
| 2208.90.30 | Mixed drinks of a strength more than 3% and not more than 10% alcohol by volume, not for medicinal purposes. | K813.95 per lal | K834.30 per lal |
"; and
(c) inserting the following table immediately after Schedule 1:
- "TABLE 1.
- List of resource companies, international freight operators and power producer that are not eligible for the exemption relating to tariff items 2710.19.10, 2710.12.10 and 2710.19.90 from 1 January 2023 to 30 June 2023.
| No. | Company | Type of Company |
| 1 | ExxonMobil PNG Limited | Mining Resource |
| 2 | Ramu Nico Management (MCC) Limited | Mining Resource |
| 3 | Solway Group Mining (PNG) Limited | Mining Resource |
| 4 | Newcrest Mining Limited | Mining Resource |
| 5 | Morobe Exploration Service Limited | Mining Resource |
| 6 | K92 Mining Limited | Mining Resource |
| 7 | Hidden Valley Services Limited | Mining Resource |
| 8 | Nautilus Minerals Niugini Limited | Mining Resource |
| 9 | Ok Tedi Mining Limited | Mining Resource |
| 10 | TiTeline (PNG) Limited | Mining Resource |
| 11 | Talisman Energy Niugini Limited | Mining Resource |
| 12 | Tolukuma Gold Mine Limited | Mining Resource |
| 13 | Total E and P PNG Limited | Mining Resource |
| 14 | Highlands Pacific Resources Limited | Mining Resource |
| 15 | Oil Search Limited | Mining Resource |
| 16 | Barrick (Niugini) Limited | Mining Resource |
| 17 | Wafi Golpu Services Limited | Mining Resource |
| 18 | Harmony Gold (PNG) Exploration Limited | Mining Resource |
| 19 | Simberi Gold Company Limited | Mining Resource |
| 20 | Woodlark Mining Limited | Mining Resource |
| 21 | Niuminco Pty Limited | Mining Resource |
| 22 | Morobe Consolidated Goldfields Limited | Mining Resource |
| 23 | Marengo Mining PNG Limited | Mining Resource |
| 24 | Yandera Mining Company Limited | Mining Resource |
| 25 | Swire Shipping | International Freight Operators |
| 26 | PNG Shipping | International Freight Operators |
| 27 | Inchcape Shipping Services | International Freight Operators |
| 28 | Express Freight Management | International Freight Operators |
| 29 | ANL Agencies | International Freight Operators |
| 30 | Carpenters Shipping | International Freight Operators |
| 31 | Pacific Cargo Service | International Freight Operators |
| 32 | Blue Planet Logistics | International Freight Operators |
| 33 | Deugro (PNG) Limited | International Freight Operators |
| 34 | Golden Shipping | International Freight Operators |
| 35 | Best Diamond Shipping | International Freight Operators |
| 36 | Trade Watch PNG | International Freight Operators |
| 37 | Agility Logistics Limited | International Freight Operators |
| 38 | PNG Power Ltd | Power Producer |
.".
I hereby certify that the above is a fair print of the Excise Tariff (2023 Budget) (Amendment) Act 2022, which has been made by the National Parliament.
Acting Clerk of the National Parliament.
12 JAN 2023
I hereby certify that the Excise Tariff (2023 Budget) (Amendment) Act 2022, was made by the National Parliament on 2 December 2022.
Speaker of the National Parliament.
12 JAN 2023
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URL: http://www.paclii.org/pg/legis/num_act/et2023ba2022267
