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Cayman Islands: Domestic Taxation

Domestic Corporate Taxation

This page was last updated on 28 June 2019.

IIn the Cayman Islands there are no taxes other than import duties (at varying rates) and stamp duty at rates up to 7.5% on transfers of most real estate, 9% is charged for real estate in prime locations. There is a 1% stamp duty payable on mortgages of less than KYD300,000, and 1.5% on mortgages of KYD300,000 or higher; however issues of securities, mutual fund shares or units are normally exempt from stamp duty. See Types of Company for details of annual fees payable by companies, and Offshore Legal and Tax Regimes for details of fees payable by various types of financial institution and in respect of listing on the Cayman Islands Stock Exchange.

In return for Cayman's acceptance of the EU Savings Tax Directive, the UK agreed to pursue discussions on a double tax avoidance treaty.

A new double taxation arrangement facilitating tax information exchange that meets OECD standards, was signed on 15 June 2009, by Stephen Timms, then Financial Secretary to the UK Treasury, and McKeeva Bush, leader of government business in the Cayman Islands.

 

 

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