Solomon Islands: Commercial tax rate

* indicates monthly or quarterly data series
 Solomon Islands

Tax rate, percent of commercial profits

 Latest value 32
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 28.81
 Min - Max 25.3 - 32
 Source The World Bank (doing business survey)
For that indicator, we provide data for the Solomon Islands from 2005 to 2019. The average value for the Solomon Islands during that period was 28.81 percent with a minimum of 25.3 percent in 2012 and a maximum of 32 percent in 2013. The latest value from 2019 is 32 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Solomon Islands - Commercial tax rate - recent values

Historical chart
Solomon Islands - Commercial tax rate - historical chart - 2005-2019

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 25.12 2020 percent
 Government spending, in dollars 0.39 2020 billion U.S. dollars
 Fiscal balance, percent of GDP -3.02 2022 percent
 Government debt 16.00 2022 percent
 Tax revenue 20.67 2021 percent
 Commercial tax rate 32.00 2019 percent
 Tax preparation time 80 2019 hours
 Number of taxes 34 2019 taxes
 Taxes on goods and services 12.64 2020 percent
 Taxes on international trade 22.77 2020 percent
 Income and profits taxes 19.18 2020 percent
 Foreign aid 263.71 2021 million U.S. dollars
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