Tax Overview
The Solomon Islands government levies income tax, sales tax, custom and excise duties, stamp duty and export tax. The Commissioner of Inland Revenue is generally responsible for the administration of these taxes. The controller of the Custom and Excise also has some significant responsibilities in specific areas.
Apart from the Central Government, Provincial governments tend to rely on indirect taxes usually in form of license fees for business establishment and others
Solomon Islands tax principle indicates that resident persons including companies are taxed on all income which accrues in, is derived from or is received in Solomon Islands. Non resident persons including companies are taxed on their income which accrues, is derived or is received from Solomon Islands. A tax year is the calendar year although businesses can make adjustment for an alternate accounting period.
