PurgatoryOceania
Papua New Guinea
10%effective individual rate
Papua New Guinea taxes capital gains at 10%. Limited crypto adoption and regulation.
FATCA Partner
No
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax10% on gains
Income Tax on CryptoUp to 42%
Corporate Tax30%
VAT on Crypto10%
Activity Taxes
Staking
10% (as income)
Mining
10% (as income)
DeFi
10% (as income)
NFTs
10% (as income)
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No specific holding period benefit
Regulation & Residency
Regulatory Body
Central bank and tax authority
Residency Requirement
Tax residency required for domestic tax obligations
Reporting Requirements
Standard tax reporting applies
Citizenship & Residency Path
Citizenship after 8 years residency
Living & Lifestyle
Cost of Living
Low
Banking Access
Limited
Quality of Life
Medium
Lifestyle Scores
Safety3/10
Healthcare2/10
Institutions3/10
Business Ease3/10
Int'l Schooling2/10
Privacy6/10