The Government of Solomon Islands has approved an increase of the P.A.Y.E zero tax threshold from $15,080 to $30,080.
“This is in line with the Democratic Coalition Government for Advancement, DCGA, 100 days’ policy to increase the zero tax threshold of the personal income tax from $15,080 to $30,080.
“The minimum threshold has not changed over the last 7 years and one of the lowest compared to other Pacific Island Countries.
“The DCGA Government recognize that one of the burden to working class Solomon Islanders is the tax they pay. The new changes are one of the many series of tax reforms the DCGA is planning to undertake during its reign.
“This is expected to empower ordinary Solomon Islanders and also raise standard of living amongst Solomon Islanders. This is a significant milestone achievement for DCGA and the people of Solomon Islands.”
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