The caretaker Minister of Finance and Treasury, Rick Hou has confirmed on Tuesday that the weaker economic growth outlook for this year has impacted government revenues.
The Sales Tax Amendment, which Parliament recently passed, will improve the Government’s tax collection mechanisms. Finance Minister Rick Hou says the amendment will ensure the prepayment of sales tax at the first point of sale for certain goods and services.
Bemobile Telecommunication Company has today presented to the Inland Revenue Division, IRD, a cheque of more than 7- Million dollars. The payment was announced by the Bemobile Board Chairman, Andrew Johnson this afternoon.
The Solomon Islands Chamber of Commerce and Industry wants changes in the national tax system. The Chamber says changing the tax system will encourage investment and growth; reduce tax avoidance; and, improve the purchasing power of the people of Solomon Islands.
