Solomon Islands: Tax Summary and Statistical Appendix

September 17, 2007

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Solomon Islands: Tax Summary and Statistical Appendix, (USA: International Monetary Fund, 2007) accessed October 6, 2024

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.

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

Keywords: Agroindustries, Arrears, Asia and Pacific, Assessed income, Chargeable income, CR, Exchange rate, Factor income, Global, Goods tax, Imports, Income tax systems, Interest income, ISCR, National interest, Net profit, Operating income, Personal income, Plantation Ltd, Solomon Islands government, Tax year, U.S. dollar, Worldwide income

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/303
Stock No:

1SLBEA2007001
ISBN:

9781451834390
ISSN:

1934-7685

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