Taxes on income, profits and capital gains in Solomon Islands
Solomon Islands: Taxes on income, profits and capital gains was 22.7% in 2024. ▬ Flat
Taxes on income, profits and capital gains in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on income, profits and capital gains in Solomon Islands stood at 22.7%.
The figure is up 8.6% on the previous year and up 12.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Solomon Islands peaked at 27.6% in 2022 and was at its lowest, 19.2%, in 2020.
Solomon Islands ranks 79th of 153 countries on this measure, in the middle of the range.
Taxes on income, profits and capital gains in Solomon Islands, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2011 | 25.6% | — |
| 2012 | 26.1% | +1.8% |
| 2013 | 21.3% | -18.2% |
| 2014 | 20.2% | -5.4% |
| 2015 | 21.8% | +8.2% |
| 2016 | 23.1% | +5.8% |
| 2017 | 22.3% | -3.4% |
| 2018 | 22.2% | -0.3% |
| 2019 | 22.3% | +0.3% |
| 2020 | 19.2% | -14.0% |
| 2022 | 27.6% | +44.0% |
| 2023 | 20.9% | -24.4% |
| 2024 | 22.7% | +8.6% |
Solomon Islands compared with similar countries
- Solomon Islands's 22.7% is below the median for lower middle income countries, which is 25.8%, 88% of the median. (35 countries reporting)
- Solomon Islands's 22.7% is above the median for East Asia & Pacific, which is 22.7%, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.8% | 20.2% | 26.1% | 9 |
| 2020s | 22.6% | 19.2% | 27.6% | 4 |
Countries ranked near Solomon Islands
- 76 Egypt 24.1% compare
- 77 Gabon 23.9% compare
- 78 Niger 23.8%
- 80 Cape Verde 22.7% compare
- 81 Saint Lucia 22.7% compare
- 82 Burkina Faso 22.4% compare
More public sector data for Solomon Islands
- Tax revenue 23.3% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 7.7% (2024)
- Net lending (+) / net borrowing (-) -1.9% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 37.4% (2024)
- Interest payments 1.3% (2022)
- Other taxes 0.9% (2020)
- Compensation of employees 47.3% (2022)
- Goods and services expense 38.5% (2022)
Frequently asked questions
- What is taxes on income, profits and capital gains in Solomon Islands?
- Taxes on income, profits and capital gains in Solomon Islands was 22.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Solomon Islands?
- The highest recorded value was 27.6% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Solomon Islands?
- The lowest recorded value was 19.2% in 2020.
- How does Solomon Islands rank for taxes on income, profits and capital gains?
- Solomon Islands ranks 79th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Solomon Islands?
- Over the last ten years it is up 12.5%. The long-run trend across the full record is flat.
- Where does this Solomon Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.