Description

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.

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Taxonomy

Balance of payments , Balance of trade , Banks and banking , Central banks , Debt , Economic policy , Exports , Financial institutions and markets , Fiscal policy , Imports , International trade

More publications in this series: IMF Staff Country Reports