Sol-tuna Pays More Than $28 Million in Taxes in 2020

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One of Soltuna Purse Seiner Boat. Photo Credit: Frozen Food Europe

BY ALEX DADAMU

Fisheries and the tuna industry as a major contributor to the national purse accounts for 18 percent of Solomon Islands Gross Domestic Product (GDP).

In the 2020 financial year, Soltuna paid more than 28 million dollars in taxes and charges to the government this year.

Prime Minister Manasseh Sogavare in his nationwide address on Wednesday 9th December, commended Soltuna and also the National Fisheries Development (NFD) on their commitment to the nation, noting that they are the main players in this Fishing and tuna sector.

Soltuna for its part employs more than two thousand workers and pays more than 96 million dollars in wages and salaries plus National Provident Fund contributions this year. Soltuna paid more than 28 million dollars in taxes and charges to the government this year.

NFD on the other hand employs around 540 staff. Its annual average payment to SOEs and SIG is in the vicinity of 78 million dollars. Its Fish export value for 2020 is expected at $216 million dollars.

According to Sogavare, Soltuna pays to various SOEs and Western province around $25 million dollars in total. The total sales of canned tuna and frozen loins by Soltuna totaled $483 million dollars.

I was also incredibly happy to see evidence of effective collaboration between the Western Provincial Government and the private sector – in particular with the NFD and Soltuna.

Western province has high potential to further support our development through mining – all the way from Shortlands in the western end to Gatokae in the eastern end of the province.” Prime Minister Sogavare revealed.

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