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.
BEPS MLI: The Turks and Caicos Islands has not yet signed the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
CRS MCAA: On October 29, 2014, the Turks and Caicos Islands signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA), under which the Turks and Caicos Islands 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.
CbC MCAA: On June 21, 2017, the Turks and Caicos Islands signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA), which requires local banks to collect and transmit foreign resident account information to their home country's tax authorities, who then automatically exchange this information with the tax authorities of other participating countries.
Foreign exchange transactions can generally be made without restrictions.