Solomon Islands

Paying Taxes in

Solomon Islands

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

About This Topic

To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 5 8 30.00% taxable income 14.6
Employer paid - Social security contributions 12 30 7.50% gross salaries 8.5
Property tax 1 5.0% assessed property value 1.9
Business license fee 1 various rates depending on activity 1
Transaction fee on bank transactions 0 paid jointly SBD 480 fixed fee 0.2
Tax on check transactions 1 SBD 1 per check number of checks 0.1
Sales tax 12 42 10.00% sales withheld
Stamp duty 1 various rates transaction value small amount
Totals: 33 80 26.2
Explore Economy Data