Manus to be made corporate tax-free zone

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During the Speaker’s Investment Summit in Port Moresby yesterday, Prime Minister James Marape announced that Manus Province will be declared the first corporate tax-free zone in the country.

“You want to do business, go to Manus and find your place there. These are the sort of areas that will be considered,” stated the Prime Minister, adding that “Life is bigger than just Port Moresby, and the economic potential of the country lies in the provinces, we just need to find them. Instead of just simply allocating budgets to provincial governments, we will be allocating resources.”

The announcement was one of a number of initiatives declared by PM Marape to the business community.

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