Tax exemption revoked for BS Pacific Resources

HONIARA, Solomon Islands – The Government has officially revoked the tax exemption previously awarded to BS Pacific Resources on fuel import prices.

This decision was made after careful review and evaluation to ensure alignment with national interests and established policies.

The Minister of Finance and Treasury, Hon. Rexson Ramofafia, acted promptly to revoke the exemption, guided by principles of fairness, transparency, and good governance.

While the Government retains the prerogative to grant tax exemptions to local companies, such decisions are made following careful case-by-case review and evaluation to ensure alignment with national interests and established policies.

The government remains committed to managing current fuel price increases. The revocation order, which took effect on April 24, now resolves public concerns raised recently on social media.

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