GSL / International Taxation / Cayman Islands

Cayman Islands tax system: taxation of Cayman Islands companies and individuals. Tax treaties of the Cayman Islands.

Service packages Legislation Tax System Audit Services

Taxes of Caymans

No
Сorporate tax
No
Capital gains tax
No
VAT
No
Withholding tax
No
Exchange control

info
Basic taxes (briefly)

Personal tax
No
Corporate tax (in detail)
There is no corporation tax in Cayman.
Capital gains tax. Details
There is no capital gains tax in Cayman.
VAT. Details
There is no VAT in Cayman.
Other taxes
No
Government fee
Stamp duty
7.5% (transfer of real property)

Taxation of individuals

There is no personal income tax.

Income tax

No.

Capital gains tax

No.

CFC regulations

No.

Withholding tax on income

No.

VAT

No.

Social contributions

There are no social contributions. However, participation in authorised pension funds and health insurance is compulsory.

Contributions are paid by employers with partial reimbursement from employees.

Employees must contribute at least 5% of their remuneration to the pension insurance scheme.

Minimum health insurance contributions are financed equally by the employer and the employee.

Stamp duty

Stamp duty is payable on real estate transactions at a rate of 7,5%. The tax is also payable on transactions involving shares in real estate companies.

Stamp duty is payable on mortgages and some other transactions at a rate of 1% to 1,5%.

International tax treaties

The Cayman Islands have entered into 1 Double Tax Treaties (DTC) and 19 Tax Information Exchange Agreement (TIEA) with the following jurisdictions:

1 DTC: UK

19 TIEA: Australia, Canada, Denmark, Faeroe Islands, Finland, France, Germany, Greece, Greenland, Iceland, Ireland, Mexico, Netherlands, New Zealand, Norway, South Africa, Sweden, USA.

Foreign exchange controls

Generally, there are no restrictions on foreign exchange transactions.

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