Superfunds

Tax oversight to affect superfund Members

ASFPNG Interim President and Chief Executive Officer (CEO) of the National Superannuation Fund (NASFUND), Ian Tarutia, said a letter has been addressed to the Secretary, Dairi Vele, to look into the issue.

Tarutia said some of the taxation laws in the proposed amendments have resulted in some ‘unintended consequences,’ such as double or triple taxing of dividend income from companies.

This he said will have an impact on dividends paid to members at the end of the year.