Source-cited draft: tax overview for Cayman Islands (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Cayman tax system overview
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 dutyPwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islandsView source ↗
Personal income tax
None — no income or withholding taxes are imposed on individualsPwC Worldwide Tax Summaries — Cayman Islands (Individual), https://taxsummaries.pwc.com/cayman-islands/individual/taxes-on-personal-incomeView source ↗
Corporate income tax
None — no corporate income, capital gains, payroll, or other direct taxes are imposed on corporationsPwC Worldwide Tax Summaries — Cayman Islands (Corporate), https://taxsummaries.pwc.com/cayman-islands/corporate/taxes-on-corporate-income
Other Cayman Islands computations in the OpenAccountants Tax Library.
VAT / GST
None — no value-added tax, goods and services tax, or general sales tax is imposedPwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islandsView source ↗
Residence / tax basis
Not applicable — because there is no income or corporate tax, residence has no bearing on direct tax liability for individuals or companiesPwC Worldwide Tax Summaries — Cayman Islands (Individual), https://taxsummaries.pwc.com/cayman-islands/individual/taxes-on-personal-incomeView source ↗
Import duty (main consumption tax)
Generally 22% to 27% on the CIF value of most imported goodsCustoms and Border Control Act / Customs Tariff (Cayman Islands), https://taxsummaries.pwc.com/cayman-islands/corporate/other-taxesView source ↗
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 2026Stamp Duty Act (2019 Revision) (Cayman Islands), https://legislation.gov.ky/cms/images/LEGISLATION/SUBORDINATE/2025/2025-0003/2025-0003_SL%203%20of%202025.pdfView source ↗
Capital gains tax
NonePwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islandsView source ↗
Inheritance, estate, gift and net wealth taxes
NonePwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islandsView source ↗
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), https://taxsummaries.pwc.com/cayman-islands/individual/tax-administrationView source ↗
Company annual return / fee deadline
Annual return and government annual fee due in January each year following the year of registrationCompanies Act (2025 Revision) (Cayman Islands), https://www.ciregistry.ky/fees/View source ↗
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