Solomon Islands uses a 4-bracket progressive system (11%-40%). Territorial tax system — only Solomon Islands-sourced income is taxed. No tax-free threshold. Plus 5% SNPF deduction. FY 2026 (Jan 1 – Dec 31).
SI$
📌 PAYE 2026:4 Brackets (Resident): 11% (≤SI$15,000) → 23% (≤SI$30,000) → 35% (≤SI$60,000) → 40% (>SI$60,000). No tax-free threshold: Tax from the first dollar. Territorial system: Only SI-sourced income taxed. Non-residents: Same rates apply on SI-sourced income. IRD (Inland Revenue Division): Administers all taxes under the Ministry of Finance. Tax year: January to December. Minimum wage: SI$8/hour.
📊 Solomon Islands Tax Rates Overview 2026
Tax Type
Rate
Details
Income Tax (Bracket 1)
11%
SI$1 – SI$15,000
Income Tax (Bracket 2)
23%
SI$15,001 – SI$30,000
Income Tax (Bracket 3)
35%
SI$30,001 – SI$60,000
Income Tax (Bracket 4)
40%
Above SI$60,000
SNPF Employee
5%
Minimum employee contribution
SNPF Employer
7.5%
Compulsory employer contribution
GST
15%
Goods & Services Tax
Company Tax (Resident)
30%
Standard rate
Company Tax (Non-resident)
35%
Foreign companies
Capital Gains Tax
None
No CGT (except business trading stock)
WHT (Dividends)
15%
To non-residents
WHT (Interest)
15%
To non-residents
WHT (Royalties)
15%
To non-residents
Export Duties
Varies
Logs, fish, minerals
📌 Tax System Overview:
Solomon Islands has a resource-based economy heavily dependent on logging, fishing, and mining (bauxite, nickel, gold). The tax system is administered by the IRD (Inland Revenue Division) under the Ministry of Finance. Key features: Territorial tax system — only SI-sourced income is taxed. No capital gains tax (except for business trading stock disposals). Export duties are a major revenue source — especially on logs (round logs, sawn timber), fish, and mineral exports. GST 15% introduced in 2010, replacing the former sales tax. Stamp duty applies to property transactions and legal documents. Customs duties range from 0-40% on imports. Minimum wage: SI$8/hour. GDP: ~US$1.9 billion (2025). Currency: Solomon Islands Dollar (SBD), ~8 SBD = 1 USD.
🏦 SNPF Calculator (Solomon Islands National Provident Fund)
SNPF: Employee 5% (minimum, can contribute up to 20%). Employer 7.5% (compulsory). Combined: 12.5%. Withdrawable at age 50 or for housing, medical, or permanent departure.
SI$
📌 SNPF 2026:Employee (5-20%): Mandatory minimum 5% deduction from gross salary. Members may elect higher rates up to 20%. Employer (7.5%): Compulsory employer contribution. Must be remitted monthly to SNPF. Withdrawal age: 50 years (retirement). Early withdrawal: Allowed for housing deposit, medical emergencies, permanent departure from Solomon Islands, or redundancy (age 40+). Investment returns: SNPF invests in government securities, real estate, and equities. Historically 3-5% p.a. Portability: Balance is fully portable when changing employers within Solomon Islands. Foreign workers: May apply for full withdrawal upon permanent departure. Death benefit: Balance paid to nominated beneficiaries. Self-employed: May join voluntarily with minimum monthly contributions.
🧾 GST Calculator (Goods & Services Tax)
Solomon Islands GST standard rate: 15%. Registration threshold: SI$100,000/year. Input tax credits available for registered businesses. Introduced in 2010.
SI$
📌 GST 2026:15% (Standard): Most goods & services. Zero-rated: Exports, basic food items (rice, flour, cooking oil). Exempt: Financial services, residential rent, medical services, education. Registration threshold: SI$100,000/year turnover (mandatory). Input tax credits: Registered businesses can claim GST on purchases. Filing: Monthly returns. Introduced: 2010, replacing the former sales tax. Import duties: Customs duty 0-40% on imports, separate from GST. Export duties: Logs, fish, mineral exports subject to separate export duties. IRD modernization: Moving toward electronic filing and real-time monitoring.
🏢 Corporate Income Tax
Corporate tax: 30% (resident) / 35% (non-resident). No capital gains tax. Territorial system — only SI-sourced income taxed.
SI$
🏠 WHT + Export Duties + Stamp Duty
Withholding tax: 15%. Export duties on logs, fish, minerals. Stamp duty on property.
SI$
📌 Corporate & Other Tax Notes:Resident company (30%): Taxed on SI-sourced income (territorial system). Non-resident (35%): Taxed only on SI-sourced income at higher rate. No CGT: Capital gains generally not taxed (except business trading stock). WHT 15%: On dividends, interest, and royalties paid to non-residents. Export duties: Major revenue source — logs ~10%, fish ~5%, minerals vary. Stamp duty: On property transfers and legal documents (~2% average). Customs duty: 0-40% on imports depending on product category. IRD: Inland Revenue Division, Ministry of Finance. Tax incentives: Pioneer status available for approved industries — tax holidays of 5-10 years. Logging sector: Largest export earner; subject to export duties + corporate tax.