Solomon Islands - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Solomon Islands was 918,352,100 as of 2020. As the graph below shows, over the past 9 years this indicator reached a maximum value of 1,037,513,000 in 2018 and a minimum value of 683,356,600 in 2011.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2011 | 683,356,600 |
| 2012 | 772,517,400 |
| 2013 | 908,458,500 |
| 2014 | 834,311,000 |
| 2015 | 955,305,700 |
| 2016 | 913,231,600 |
| 2017 | 986,058,200 |
| 2018 | 1,037,513,000 |
| 2019 | 1,006,103,000 |
| 2020 | 918,352,100 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Solomon Islands was 19.18 as of 2020. Its highest value over the past 9 years was 26.07 in 2012, while its lowest value was 19.18 in 2020.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2011 | 25.61 |
| 2012 | 26.07 |
| 2013 | 21.33 |
| 2014 | 20.18 |
| 2015 | 21.83 |
| 2016 | 23.10 |
| 2017 | 22.32 |
| 2018 | 22.25 |
| 2019 | 22.31 |
| 2020 | 19.18 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Solomon Islands was 34.58 as of 2020. Its highest value over the past 9 years was 36.36 in 2013, while its lowest value was 31.64 in 2018.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2011 | 33.41 |
| 2012 | 33.85 |
| 2013 | 36.36 |
| 2014 | 33.09 |
| 2015 | 35.85 |
| 2016 | 34.93 |
| 2017 | 34.35 |
| 2018 | 31.64 |
| 2019 | 34.20 |
| 2020 | 34.58 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
