IMF Staff Country Reports

Solomon Islands: Tax Summary and Statistical Appendix

Publication Date:

September 17, 2007

Electronic Access:

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Summary:

This paper presents the Tax Summary for the Solomon Islands. The paper discusses that normal business expenses are deductible against chargeable income. A $7,800 personal exemption applies to both resident and nonresident individuals. This general exemption is subject to apportionment on a pro-rata basis should the individual commence work part way through the year. In addition, the first $5,000 of interest income on deposits made with any savings bank or on fixed deposit accounts with any bank in the Solomon Islands are excluded from chargeable income.

Series:

Country Report No. 2007/303

Subject:

Agroindustries Arrears Banking Commercial banks Economic sectors External debt Imports Income Income tax systems International trade National accounts Personal income Taxes