Solomon Islands Information about minimum wage and taxes.

Solomon Islands is an island country located in the South Pacific Ocean. Information about minimum wage and tax is as follows:

1. Minimum Wage: Minimum wage in Solomon Islands is a set minimum wage for employers and employees. As of 2021, the minimum wage in the Solomon Islands is set at

8.50 Solomon Islands dollars (SBD) per hour.

2. Taxes: The taxation system in Solomon Islands includes two basic types of taxes: individual income tax and corporate tax. - Individual Income Tax: In Solomon Islands, individual income tax is determined based on the income a person earns. Income brackets and tax rates are as follows: - 0-20,000 SBD: 5% tax - 20,001-30,000 SBD: 12% tax - 30,001-50,000 SBD: 20% tax - 50,001-100,000 SBD: 30% tax - SBD 100,001 and above: 40% tax - Corporate Tax: The corporate tax rate in Solomon Islands is a fixed 30%. Companies pay taxes at this rate on the profits they make. Additionally, VAT (Value Added Tax) is applied in Solomon Islands. The VAT rate is usually 15%. The above information is valid as of 2021, but tax rates and minimum wage may change over time. It is important for taxpayers and employers to seek advice from the Solomon Islands Ministry of Finance or a local tax advisor to obtain detailed information.

What are the types of companies in Solomon Islands?

What are the documents required to establish a company in Solomon Islands?

Solomon Islands Economic information

How to get a Solomon Islands residence permit?

Solomon Islands How to get a work permit?

Solomon Islands Information about minimum wage and taxes.

What are the most used websites in Solomon Islands?

Detailed information about Education in Solomon Islands.

Solomon Islands salaries by occupation

What is the breakfast culture in Solomon Islands?

What are the famous dishes of Solomon Islands?

What are Solomon Islands Drinks?

Solomon Islands best football players

Solomon Islands Football teams

Solomon Islands Artists

Solomon Islands largest companies

Solomon Islands Brands

Most preferred car brand in Solomon Islands

Information about the Solomon Islands Healthcare system and insurance system.

Information about Solomon Islands Dances.

Information about Solomon Islands Festivals.

Information about Solomon Islands Marriage.

Information about Solomon Islands Women.

Information about Solomon Islands Men.

Detailed information about religious beliefs in Solomon Islands.

Who are the Solomon Islands Statesmen?

What is the Solomon Islands form of government?

Solomon Islands Political parties

How did Solomon Islands Fashion develop?

Possible trading activities in Solomon Islands

Best universities in Solomon Islands

Best schools in Solomon Islands

What is the legal system in Solomon Islands?

The greatest events in Solomon Islands History

Solomon Islands Most popular sports

Information about Solomon Islands Military strength and army structure.

Solomon Islands Export Products

Solomon Islands Imported Products

High-tech products produced in Solomon Islands

Wars involving the Solomon Islands

Solomon Islands friendly and hostile countries