There are direct and indirect tax
regimes in the Solomon Islands.
Compared to other developed nations,
the tax is quite high in real terms.
There are two tax exemption
committees. One is the import duty tax
exemption committee, and the other is
the goods tax exemption committee. It
is recommended that applications for
exemptions must be made early before
goods are shipped into the country.
These committees sit once every two
Exemptions are granted depending on
the extent of investment and the
national benefit. Applications for
exemptions are referred to the goods
tax exemption committee and import
duty tax exemption committees.
Anyone who aggrieved on the
decisions of the committees may
appeal to the Minister of Finance.
TAX AND EXEMPTION
Company tax in the Solomon Islands is
levied at the rate of 30 cents in the dollar or
at 30 percent.
Investment incentives can be granted by the
Minister of Finance to a taxpayer who
declares the whole or part of a taxpayer’s
income to be exempt from tax for a given
Withholding tax applies to dividends or other
income earned in Solomon Islands at rates
from 5 per cent to 15 per cent. Dividend
withholding tax rates are 20 per cent for
residents and 30 per cent for non-residents.
Non-resident withholding tax also applies to
payments made to persons or companies
who are non-residents of Solomon Islands.
An income tax rate for resident individuals
reaches 40 cents in the dollar at
The Income Tax Act contains anti-avoidance
provisions and this is supported by money
Customs duty is imposed in Solomon Islands
on the entry for import of a range of goods
pursuant to the Customs and Excise Act
Goods tax of 15 per cent is payable on the
cif (cost, insurance & freight) value of goods
imported into Solomon Islands for private
use or consumption, and 10 per cent on the
wholesale value of goods manufactured in
Manufacturers and wholesale merchants
must charge and remit tax on the sales
value of the goods unless a goods tax
number is quoted.
Stamp duty is taxed on certain documents
created within or brought into Solomon
Islands and assessed on the documents and
at the rates prescribed in the Schedule to the
Stamp Duties Act (Cap. 126).
Generally, a sales tax of 10 per cent applies
for most goods or services