Follow this link to the current PNG Salaries and Wages Tax Rates (effective January 2019 and unchanged to date)

https://irc.gov.pg/wp-content/uploads/2019/02/Salary-and-Wages-Tax-Table-Text-Effective-1-January-2019.pdf

“Gross” is the amount before deductions (i.e. Salaries & Wages Tax, Superannuation, etc)

“Net” is the amount (i.e. the net balance) after deductions.

Yes – Vanguard is fully compliant for:

1. Salary & Wage Tax:
   

   ➢	Lodgements of monthly salaries and wages tax returns to Papua New Guinea Internal Revenue Commission (PNG IRC).
   ➢	Annual Statement of Earnings to employees and IRC reconciliation.

    

2. Superannuation Contribution:
   

   ➢	Fortnightly payment of all employer/employee contributions.

A comprehensive and effective HR policy should include:

• ➢   Recruitment and Selection
• ➢   Remuneration & Benefits
• ➢   Salary Administration
• ➢   Training and Development
• ➢   Performance Management
• ➢   Disciplinary & Code of Conduct
• ➢   Other sections as deemed appropriate

Common oversights or mistakes may include:

• ➢   Operational functions not aligned to Business strategy
• ➢   Staff reporting lines not reflective of operational job knowledge and skills
• ➢   Duplication of responsibilities
• ➢   Ignorance of multiskilling practices, thus one too many roles at the foundation level