Investment Incentives

The Solomon Islands Government offers a wide range of business assistance or more appropriate, investment incentives to enable business growth in any of the country’s investment sectors. Investment incentives include tax holidays, import concessions for raw materials including machineries and plants, duty free exports, carry forward losses, accelerated depression, export market development incentives and training incentives. A brief outlook of these incentives include

• Up to 10 years tax free holidays
• Up to 10 years exemption from withholding tax on dividends
• Up to 10 years exemption from withholding tax on interest paid to non residents
• Accelerated capital write off of 40% in the first year and 5% per annum thereafter for manufacturing enterprise. 50% for tourism development projects
• Double deduction for expenditure on apprenticeships and tertiary education
• 150% deduction for cost of inter province transport of raw materials
• 150% deduction for export promotion expenditure
• Duty free entry for capital equipments and drawback on re-export items
• Special additional incentives for tourism developments. Hotel and resort establishment including other tourism settings are eligible for these special incentives.
• Free movement of capital and profit remittances

The Commissioner of Inland Revenue administer the disperse of investment incentives. For more specific investment incentives available and how to access them, please send your query to the Commissioner of the Inland Revenue Department.