Company tax in the   Solomon Islands is levied at the rate of 30 cents in the dollar or at 30 percent.

Investment incentives can be granted by the Minister of Finance to a taxpayer who declares the whole or part of a taxpayer’s income to be exempt from tax for a given period.

Withholding tax applies to dividends or other income earned in Solomon Islands at rates from 5 per cent to 15 per cent. Dividend withholding tax rates are 20 per cent for residents and 30 per cent for non-residents. Non-resident withholding tax also applies to payments made to persons or companies who are non-residents of Solomon Islands.

An income tax rate for resident individuals reaches 40 cents in the dollar at SB$60,001.00 (US$7,500).

The Income Tax Act contains anti-avoidance provisions and this is supported by money laundering legislation.