Cayman Islands Tax Overview

The Cayman tax system at a glance

The Cayman Islands is a no-direct-tax jurisdiction: there is no income tax, no corporate income tax, no capital gains tax, no payroll tax, and no VAT/GST. Government revenue comes mainly from import duty, stamp duty, work-permit fees, and company/financial-services registration and annual fees.

• Currency — Cayman Islands dollar (KYD / CI$), pegged to USD at approximately CI$1 = US$1.20 (US$1 = CI$0.82) ((approx — confirm peg)) (Currency Law (Cayman Islands))
• Tax / revenue authority — Cayman Islands Government — Department for International Tax Cooperation (DITC) for FATCA/CRS/economic substance; HM Customs (Customs and Border Control) for import duty; General Registry for company fees; Valuation & Estate Office for stamp duty (PwC Worldwide Tax Summaries — Cayman Islands (Overview))
• Personal income tax — None — no income or withholding taxes are imposed on individuals (PwC Worldwide Tax Summaries — Cayman Islands (Individual))
• Corporate income tax — None — no corporate income, capital gains, payroll, or other direct taxes are imposed on corporations (PwC Worldwide Tax Summaries — Cayman Islands (Corporate))
• VAT / GST — None — no value-added tax, goods and services tax, or general sales tax is imposed (PwC Worldwide Tax Summaries — Cayman Islands (Overview))
• Residence / tax basis — Not applicable — because there is no income or corporate tax, residence has no bearing on direct tax liability for individuals or companies (PwC Worldwide Tax Summaries — Cayman Islands (Individual))
• Import duty (main consumption tax) — Generally 22% to 27% on the CIF value of most imported goods percent (Customs and Border Control Act / Customs Tariff (Cayman Islands))
• Stamp duty on land/property transfers — Standard 7.5% of purchase price or market value (whichever is higher); 10% for properties valued at CI$2 million or more from 1 January 2026 percent (Stamp Duty Act (2019 Revision) (Cayman Islands))
• Capital gains tax — None (PwC Worldwide Tax Summaries — Cayman Islands (Overview))
• Inheritance, estate, gift and net wealth taxes — None (PwC Worldwide Tax Summaries — Cayman Islands (Overview))
• Annual tax filing — No tax returns, forms, or procedures are required for tax compliance purposes (corporate annual returns and economic-substance/CRS/FATCA reporting still apply) (PwC Worldwide Tax Summaries — Cayman Islands (Tax administration))
• Company annual return / fee deadline — Annual return and government annual fee due in January each year following the year of registration (Companies Act (2025 Revision) (Cayman Islands))