State pays SI K2.7m

 THE state, through the Independent Public Business Corporation (IPBC), will today pay the Solomon Islands Government a sum of US$1 million (K2.7 million) for outstanding goods taxes.

The payment will be made for bmobile’s outstanding taxes to Solomon Islands Inland Revenue Division (IRD). 

bmobile had agreed payment schedules with IRD earlier this year, but felt now was a good time to make the payment as it would help the Solomon Islands government with recent devastation caused by floods.

Bmobile has worked closely with the Inland Revenue Division since last year to ensure they cleared their outstanding tax bills and become a good corporate citizen to Solomons Islands economy.

The company thanked the Solomon Island governments for its patience and IRD for demonstrating a rational and workable solution to this debt. 

Bmobile said IRD displayed a professional attitude that should encourage more foreign investment to the Solomon Islands.

The Solomon Islands government, under Finance minister Rick Hou, had recently granted tax exemption for bmobile’s roll-out for this year which will include a full 3G upgrade in Honiara to be installed in the next few weeks to enable fast data and competitive prices to both businesses and public. 

The company was confident in providing improved communication services the Solomon Islands.