Paying taxes: Profit tax in Solomon Islands
Solomon Islands: Paying taxes: Profit tax was 23.3% in 2019. ▲ Rising
Paying taxes: Profit tax in Solomon Islands, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in Solomon Islands stood at 23.3%. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 59.6% over ten years.
Over the whole period, paying taxes: profit tax in Solomon Islands peaked at 23.3% in 2013 and was at its lowest, 14.6%, in 2005.
That places Solomon Islands 37th out of 190 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Profit tax in Solomon Islands, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 14.6% | — |
| 2006 | 14.6% | +0.0% |
| 2007 | 14.6% | +0.0% |
| 2008 | 14.6% | +0.0% |
| 2009 | 14.6% | +0.0% |
| 2010 | 14.6% | +0.0% |
| 2011 | 14.6% | +0.0% |
| 2012 | 15.0% | +2.7% |
| 2013 | 23.3% | +55.3% |
| 2014 | 23.3% | +0.0% |
| 2015 | 23.3% | +0.0% |
| 2016 | 23.3% | +0.0% |
| 2017 | 23.3% | +0.0% |
| 2018 | 23.3% | +0.0% |
| 2019 | 23.3% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.6% | 14.6% | 14.6% | 5 |
| 2010s | 20.7% | 14.6% | 23.3% | 10 |
Countries ranked near Solomon Islands
- 34 Japan 23.9% compare
- 35 Congo, Democratic Republic of the 23.6% compare
- 35 Uruguay 23.6% compare
- 38 Germany 23.2% compare
- 38 Papua New Guinea 23.2% compare
- 40 Greece 23.0% compare
- 40 Syrian Arab Republic 23.0% compare
More reference data data for Solomon Islands
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0077 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0075 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0154 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0002 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0154 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0259 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.02 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0427 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0894 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0009 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Solomon Islands?
- Paying taxes: profit tax in Solomon Islands was 23.3% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Solomon Islands?
- The highest recorded value was 23.3% in 2013.
- What is the lowest paying taxes: profit tax recorded in Solomon Islands?
- The lowest recorded value was 14.6% in 2005.
- How does Solomon Islands rank for paying taxes: profit tax?
- Solomon Islands ranks 37th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Solomon Islands?
- Over the last ten years it is up 59.6%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.