Pacific / Solomon Islands

High tax in Solomons discourages investment

15:47 pm on 12 September 2017

High taxation rates in Solomon Islands have been described as a disincentive to business growth.

The Solomon Star reports business operators saying the tax levels have made the Solomons uncompetitive for investors over the past 20 years.

The Inland Revenue Division of the Ministry of Finance and Treasury has now called for a tax-review.

Business houses have called for tax reform to improve competitiveness and to create a level playing field.

The bustling Port of Honiara nestled in the capital's CBD. 05 November 2013 Photo: RAMSI gallery/Solomon Islands Govt