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Cook Islands: Domestic Taxation

Domestic Corporate Taxation

A resident Domestic Limited Company pays corporate tax of 20% on worldwide profits. A non-resident Domestic Company pays corporate tax of 28% on profits derived from income sourced in the Islands. There is no capital gains tax in the Cook Islands.

Withholding taxes of 15% are payable on any dividends, interest or royalties paid by Cook Islands companies to non residents of the Islands. From September 1, 2011 a 15% final withholding tax is applied to interest income paid by banks.

VAT is levied at 12.5% on most goods and services.

Domestic companies must pay corporation tax at 20% tax on a bonus issue to shareholders.

Stamp duty is payable on certain documentary transactions in the Cook Islands.



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