Solomon Islands: Tax Summary and Statistical Appendix
Electronic Access:
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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.
Series:
Country Report No. 2007/303
Subject:
Agroindustries Arrears Banking Commercial banks Economic sectors External debt Imports Income Income tax systems International trade National accounts Personal income Taxes
English
Publication Date:
September 17, 2007
ISBN/ISSN:
9781451834390/1934-7685
Stock No:
1SLBEA2007001
Pages:
45
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