PUBLIC NOTICE
Public Notice No: 24/2026 Date: 07/06/2026
TO: ALL CUSTOMS CLIENTS, AGENTS, BUSINESS HOUSES, TRADING COMMUNITY, AND STAKEHOLDERS.
SUBJECT: IMMEDIATE CESSATION OF FISCAL REGIME MoUs
THIS PUBLIC NOTICE IS SERVED TO ADVISE ALL OUR CLIENTS, AGENTS, BUSINFSS HOUSES, THE TRADING COMMUNITY, AND STAKEHOLDERS THAT THE MINISTER OF FINANCE AND TREASURY HAS ORDERED THE IMMEDIATE CESSATION OF FISCAL REGIME MEMORANDUM OF UNDERSTANDING (MoUs).
THIS MEANS ALL- MEMORANDA OF UNDERSTANDING (MOUs) BETWEEN THE SOLOMON ISLANDS GOVERNMENT (SIG) AND RESOURCE SECTOR COMPANIES (MINING, FORESTRY, FISHERIES) THAT RELATE TO TAX AND DUTY EXEMPTIONS ARE TERMINATED WITH IMMEDIATE EFEECT.
LEGAL AUTHORITY AND PROCESS
- THE AUTHORITY TO GRANT TAX AND DUTY EXEMPTIONS NOW RESTS SOLELY WITH THE EXEMPTION COMMITTEE UNDER REVENUE AND SOLOMON ISLANDS CUSTOMS & EXCISE AS MANDATED BY LAW.
- THE MINISTER OF FINANCE DOES NOT HAVE THE AUTHORITY TO GRANT EXEMPTIONS OUTSIDE THlS LEGAL PROCESS, EVEN IF PREVIOUSLY A SIGNATORY TO MoUs.
COMPLIANCE REQUIREMENTS:
- ANY FISCAL ARRANGEMENTS PREVIOUSLY COVERED BY MoUS ARE NO LONGER RECOGNIZED.
- ALL COMPANIES MUST COMPLY WITH CURRENT LEGISLATION AND REGULATONS.
- ANY FUTURE EXEMPTION REQUESTS MUST BE SUBMITTED THROUGH THE REVENUE AND CUSTOMS EXEMPTION COMMITTEE
TRANSITION AND GUIDANCE:
- THE MINISTRY WILL ISSUE NEW EXEMPTION GUIDELINES TO CLARIFY COMPLIANCE REQUIREMENTS AND ENSURE A SMOOTH TRANSITION.
- THE AIM IS TO PROMOTE TRANSPARENCY, CONSISTENCY, EFFICIENCY, AND FAIRNESS IN THE EXEMPTION PROCESS.
PURPOSE AND EXPECTED COOPERATON:
- THE DIRECTIVE IS INTENDED TO SAFEGUARD THE INTEGRITY OF THE NATION’S FISCAL REGIME AND ENSURE FAIR SHARING OF BENEFITS AND COSTS IN THE RESOURCE SECTOR.
- COMPANIES ARE EXPECTED TO COOPERATE FULLY WITH THE DIRECTIVE.
EXAMPLE IMPLEMENTATION:
- A MINING COMPANY THAT PREVIOUSLY OPERATED UNDER A TAX EXEMPTION MOU MUST NOW APPLY FOR ANY EXEMPTIONS THROUGH THE OFFICIAL EXEMPTION COMMITTEE, FOLLOWING THE NEW GUIDELNES ONCE ISSUED.
WE REALLY APPRECIATE YOUR ATTENTION TO THIS MATTER AND YOUR CONTINUED COOPERATION.
FOR ANY QUESTIONS OR CLARIFICATION, PLEASE DO NOT HESITATE TO CONTACT OUR OFFICE ON 20488/20788/21 265.
FOR: COMPTROLLER OF Sl CUSTOMS & EXCISE (SICED).