Papua New Guinea has ten tax agreements in force, as reported in its response to the Peer Review questionnaire. None of those agreements comply with the minimum standard.
Papua New Guinea signed the MLI in 2019 and deposited its instrument of ratification on 31 August 2023, listing its non-compliant agreements. The MLI enters into force for Papua New Guinea on 1 December 2023. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Papua New Guinea is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1