The Sales Tax Rate in Solomon Islands stands at 10 percent.

Sales Tax Rate in Solomon Islands averaged 12.14 percent from 2014 until 2020, reaching an all time high of 15 percent in 2015 and a record low of 10 percent in 2017. This page provides - Solomon Islands Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Solomon Islands Sales Tax Rate - values, historical data and charts - was last updated on August of 2020.

Sales Tax Rate in Solomon Islands is expected to reach 10.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Solomon Islands Sales Tax Rate is projected to trend around 10.00 percent in 2021, according to our econometric models.

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Solomon Islands Sales Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 15.00 10.00 2014 - 2020 percent Yearly

Solomon Islands Taxes Last Previous Highest Lowest Unit
Sales Tax Rate 10.00 10.00 15.00 10.00 percent [+]
Corporate Tax Rate 30.00 30.00 30.00 30.00 percent [+]


Solomon Islands Sales Tax Rate
In Solomon Islands, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Solomon Islands.