Seychelles vs Solomon Islands
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
πΈπ¨ Seychelles β Seychelles Tax System
Seychelles has a progressive income tax up to 15% β very low by global standards. No capital gains tax. The country is an established offshore financial centre (International Business Companies, trusts). Tourism dominates the formal economy. Business Tax (corporate tax) is 25% on the first SCR 1M, 33% above. The Seychelles Revenue Commission administers tax. EU blacklisted briefly in 2019 for harmful tax practices.
πΈπ§ Solomon Islands β Solomon Islands Tax System
The Solomon Islands levies income tax at progressive rates up to 40%. GST (Goods and Services Tax) replaced import duties for many items. Tax administration is handled by the Inland Revenue Division. Logging, fishing, and subsistence agriculture dominate the economy. Political instability and dependence on aid are ongoing challenges.
Seychelles vs Solomon Islands: Key Tax Differences (2026)
π° Income Tax: πΈπ§ Solomon Islands has a higher top income tax rate (0β15% vs 0β40%). πΈπ¨ Seychelles is more favourable for high earners.
π VAT/Sales Tax: Seychelles has a higher consumption tax (15% vs 10%).
π’ Corporate Tax: πΈπ§ Solomon Islands offers a lower corporate rate (30% vs 33%), which can influence business location decisions.