Papua New Guinea cryptocurrency tax guide
Papua New Guinea has no crypto-specific tax or licensing law. A 2023 Bank of PNG typology report, hosted directly on the central bank's own site, states that crypto is not regulated by the Bank of Papua New Guinea through its prudential or AML/CTF supervision, or by any other authority — virtual currencies lack legal tender status, but personal use is not reported as banned. This research pass found no Internal Revenue Commission guidance addressing crypto taxation specifically.
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Tax authority: Internal Revenue Commission (IRC); Bank of Papua New Guinea (BPNG) for the regulatory position · Last reviewed 2026-10-11 · Next review due 2027-04-11
This is educational information, not individualized tax or legal advice. Cryptocurrency taxation changes quickly and depends on personal circumstances — confirm current rules with Internal Revenue Commission (IRC); Bank of Papua New Guinea (BPNG) for the regulatory position or a qualified local tax professional before relying on it.
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What this guide covers
This guide summarizes Papua New Guinea's crypto regulatory position for 2025, since no tax treatment was confirmed. irc.gov.pg wasn't directly fetched. This is educational information, not individualized tax advice.
Tax treatment of cryptocurrency
PNG's own central bank directly confirms it doesn't regulate crypto at all, and no tax authority guidance addresses it either. Papua New Guinea has no crypto-specific tax or licensing law. A 2023 Bank of PNG typology report, hosted directly on the central bank's own site, states that crypto isn't regulated by the Bank of Papua New Guinea through its prudential or AML/CTF supervision, or by any other authority — a direct acknowledgment of the regulatory gap from the central bank itself. The BPNG has separately issued public notices on crypto risks, stating it doesn't issue or regulate cryptocurrencies, so virtual currencies lack legal tender status in PNG. Personal (non-business) crypto use is reported as not banned, though this is a secondary characterization. This research pass found no Internal Revenue Commission guidance addressing how, or whether, crypto trading or mining income is taxed — income from crypto trading or mining conducted as a business could, per one secondary tax aggregator, fall under general income tax provisions, but this guide doesn't treat this as confirmed given the absence of an official IRC statement.
Common taxable events
- Per the general-rules reading: crypto trading or mining conducted as a business — potentially falling under general income tax provisions, per one secondary tax-aggregator source. This guide doesn't treat this as confirmed.
Potentially non-taxable events
- Personal (non-business) crypto use — reported as not banned, though this is a legal-status point, not a confirmed tax exemption.
- Simply buying and holding crypto isn't a taxable event.
Tax rates and thresholds
Not confirmed in this research pass — no official IRC rate or threshold for crypto was located.
Cost basis and calculation
Not confirmed in this research pass.
Reporting and compliance
- This guide doesn't identify a confirmed individual tax reporting obligation specific to crypto under current PNG law.
- No established enforcement framework or specific crypto transaction reporting requirement exists, per one secondary source.
Residency and cross-border issues
Not resolved in this research pass.
Example
This guide omits a worked tax example, since no confirmed rate or rule was located for Papua New Guinea in this research pass.
Official resources
- Internal Revenue Commission (IRC): https://www.irc.gov.pg/
- Bank of Papua New Guinea (BPNG): https://www.bankpng.gov.pg/
Limitations and review information
Tax year covered: 2025. Last verified: October 11, 2026. Known gap: irc.gov.pg wasn't directly fetched, and no official IRC guidance addressing crypto taxation was located, despite the BPNG's own 2023 typology report directly confirming the absence of central bank regulation. This is educational information only, not individualized tax advice — confirm current specifics directly with the IRC, BPNG, or a qualified PNG tax professional.
Sources
Bank of Papua New Guinea (BPNG) · Published/updated 2023 · Checked 2026-10-11
Supports: That crypto is not regulated by the Bank of Papua New Guinea through its prudential or AML/CTF supervision, or by any other PNG authority, per the central bank's own typology report hosted directly on its website. Identified via a direct link to the BPNG's own published PDF report, making this one of the more directly sourced items in this batch; no Internal Revenue Commission guidance addressing crypto taxation specifically was located in this pass.
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