Tax Overview in Cayman Islands

Tax overview for Cayman Islands (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Cayman Islands · tax year 2025 · changed 25 Jun 2026

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Key figures: Cayman Islands, 2025

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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-incomeView source ↗

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 ↗

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The Cayman tax system at a glance

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 duty (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)
Personal income tax — None — no income or withholding taxes are imposed on individuals (PwC Worldwide Tax Summaries — Cayman Islands (Individual), https://taxsummaries.pwc.com/cayman-islands/individual/taxes-on-personal-income)
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), https://taxsummaries.pwc.com/cayman-islands/corporate/taxes-on-corporate-income)
VAT / GST — None — no value-added tax, goods and services tax, or general sales tax is imposed (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)
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), https://taxsummaries.pwc.com/cayman-islands/individual/taxes-on-personal-income)
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), https://taxsummaries.pwc.com/cayman-islands/corporate/other-taxes)
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), https://legislation.gov.ky/cms/images/LEGISLATION/SUBORDINATE/2025/2025-0003/2025-0003_SL%203%20of%202025.pdf)
Capital gains tax — None (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)
Inheritance, estate, gift and net wealth taxes — None (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)
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-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), https://www.ciregistry.ky/fees/)

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The Cayman tax system at a glance

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 duty (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)

Personal income tax — None — no income or withholding taxes are imposed on individuals (PwC Worldwide Tax Summaries — Cayman Islands (Individual), https://taxsummaries.pwc.com/cayman-islands/individual/taxes-on-personal-income)

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), https://taxsummaries.pwc.com/cayman-islands/corporate/taxes-on-corporate-income)

VAT / GST — None — no value-added tax, goods and services tax, or general sales tax is imposed (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)

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), https://taxsummaries.pwc.com/cayman-islands/individual/taxes-on-personal-income)

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), https://taxsummaries.pwc.com/cayman-islands/corporate/other-taxes)

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), https://legislation.gov.ky/cms/images/LEGISLATION/SUBORDINATE/2025/2025-0003/2025-0003_SL%203%20of%202025.pdf)

Capital gains tax — None (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)

Inheritance, estate, gift and net wealth taxes — None (PwC Worldwide Tax Summaries — Cayman Islands (Overview), https://taxsummaries.pwc.com/cayman-islands)

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-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), https://www.ciregistry.ky/fees/)