None.
None.
None.
None.
None.
Tourist accommodation, restaurants and tourism-related services are taxed at the rate of 12%.
The provision of telecommunication services is taxed at the rate of 12%.
In relation to the services of transferring money abroad, tax is levied at the rate of 12% on the commissions and other service fees.
Tax on insurance premiums (other than life and health insurance) is levied at the rate of 2.5%.
Social security contributions are paid on employment remuneration at the rate of 4.6% by employers and at the rate of 3.4% by employees.
Mandatory health insurance contributions are 3% for employers and 3% for employees.
The contribution is charged on earnings of up to USD 7,800 per month.
Stamp duty is payable on real estate transactions at various rates, generally ranging from 5% to 10%, depending on the location and value of the property.
Turks and Caicos has entered into 16 Tax Information Exchange Agreements (TIEAs) with the following jurisdictions:
16 TIEAs: Australia, Canada, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Netherlands, New Zealand, Norway, Portugal, Sweden, United Kingdom.
On October 29, 2014, Turks and Caicos signed the Multilateral Competent Authorities Agreement on Automatic Exchange of Financial Account Information under the Common Reporting Standard (CRS MCAA), under which Turks and Caicos receives information from its financial institutions and automatically exchanges this information with other jurisdictions on an annual basis. The automatic exchange began in September 2017.
Foreign exchange transactions can generally be made without restrictions.