ITC review update

A workshop will be held as part of the review into the Infrastructure Tax Crediit Scheme (ITC)which has been placed on hold indefinitely.

Deputy Prime Minister, Charles Abel, said the review will be held after the National Planning Consultative Summit in Lae.

He said the aim of the review will be identify loopholes in the implementation of the ITC schemes.

A review of the ITC is one of the recommendations in the PNG Extractive Industry Transparency initiative (EITI) 201 Report.

Prime Minister, Peter O’Neill, announced the temporary stop to the ITC early this year.

Cedric Patjole