Tourism Incentives Package 2017

The Tourism Incentives Package 2017 was designed to attract both foreign and domestic investment into the Solomon Islands’ tourism sector by offering tax holidays, duty exemptions, and financial allowances. Major projects (minimum SI$20 million) can receive up to ten years of tax exemption, while small to medium investments (minimum SI$1 million) are eligible for allowances on capital expenditure, import duty exemptions on building materials and equipment, and accelerated depreciation. 

Specialized incentives also exist for marine tourism, cruise vessels, dive operations, and aviation projects, with benefits like 100% import duty exemptions on vessels, aircraft fuel, and dive gear. Joint ventures with local equity enjoy additional tax holidays, and existing operators can access incentives for upgrades, renewable energy installations, and marketing expenses. The package underscores the government’s commitment to boosting tourism through practical fiscal measures and investor support.