Anguilla tax system: audit, reporting and optimization of taxation of Anguilla companies and individuals: VAT, income tax and capital gains
Basic taxes (briefly)
|Corporate tax (in detail)||There is no corporate tax in Anguilla.|
|Capital gains tax. Details|
|Other taxes||accommodation tax, customs duties, property tax, airline ticket tax, communication tax, environmental levy on electricity and a tourist levy|
|Government fee||USD 200|
International tax agreement
|Australia, Belgium, Canada, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Netherlands, New Zealand, Norway, Portugal, Sweden, United Kingdom|
Personal Income Tax
The employee is liable to stabilization levy at the rate of 3% payable on remuneration exceeding XCD 2,000 per month.
The employer also pays stabilization levy at the rate of 3% of the remuneration, but not more than XCD 12,000 per month.
Corporate Income Tax
There are no CFC rules in place.
Social Security Contributions
Employees pay social security contributions at the rate of 5% of their monthly earnings (up to 2,600 dollars).
Employers also pay social security contributions at the rate of 5%.
An annual property tax is paid at the rate of 0.75% of the value of the land – for land with buildings on it.
Buyers of immovable property pay tax on its value at the rate of 5%. Foreigners purchasing immovable property are subject to a 12.5% levy.
When renting a hotel room or an apartment, a 10% accommodation tax is charged.
Documents that provide evidence of a contractual relationship are subject to stamp duty at the rates ranging from 0.01% to 5%.
Double taxation treaties
Anguilla has entered into the following tax information exchange arrangements:
1 DTC: Switzerland.
16 TIEAs: Australia, Belgium, Canada, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Netherlands, New Zealand, Norway, Portugal, Sweden, United Kingdom.
There are generally no foreign exchange restrictions.
Taxes of Anguilla
|Min. rate for corporate tax||No|
|Capital gains tax||No|