TaxGlass

SG · AsiaSB · Oceania

Singapore vs Solomon Islands: tax rates compared

Solomon Islands's income tax rate is 16pp higher than Singapore's (40% vs 24%). The 200-country average is 28%: Singapore sits below it, Solomon Islands sits above it.

Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

0102030405060Income24%40%Corporate17%30%Capital Gains0%Crypto0%Wealth Tax0%
five shared taxes, side by side
Tax SG SBDifference
Income Tax24%40%SB +16 pplargest gap
Corporate Tax17%30%SB +13 pp
Capital Gains Tax0%0%match
Crypto Tax0%0%match
Wealth Tax0%0%match

Income Tax

Income Tax, side by side
CountryRateSource
Singapore24%Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27
Solomon Islands40%Source: Solomon Islands Inland Revenue Division — Income Tax · as of 2026-05-18
Difference−16 ppSolomon Islands higher

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Singapore17%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Solomon Islands30%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−13 ppSolomon Islands higher

Solomon Islands's corporate tax rate is 13pp higher than Singapore's (30% vs 17%). The 201-country average is 22.6%: Singapore sits below it, Solomon Islands sits above it.

Capital Gains Tax

Capital Gains Tax, side by side
CountryRateSource
Singapore0%Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02
Solomon Islands0%Source: Solomon Islands Inland Revenue Division — Tax Information · as of 2026-07-19
Difference0 ppdisplayed rates match

Singapore's capital gains tax rate is identical to Solomon Islands's — both sit at 0%. The 175-country average is 10.3%: both sit below it.

Crypto Tax

Crypto Tax, side by side
CountryRateSource
Singapore0%Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30
Solomon Islands0%Source: Solomon Islands Inland Revenue Division — Income Tax · as of 2026-07-19
Difference0 ppdisplayed rates match

Singapore's crypto tax rate is identical to Solomon Islands's — both sit at 0%. The 88-country average is 13%: both sit below it.

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Singapore0%Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02
Solomon Islands0%Source: Solomon Islands Inland Revenue Division · as of 2026-07-18
Difference0 ppdisplayed rates match

Singapore's wealth tax rate is identical to Solomon Islands's — both sit at 0%. The 193-country average is 0.1%: both sit below it.

Not covered for both countries yet: VAT.