The Cayman Islands' tax-neutral regime, with no corporate income tax, has attracted businesses seeking a favorable tax environment. While corporate income tax is not applicable, businesses operating in the Cayman Islands should be aware of other taxes such as import duties, customs and excise duties, stamp duty, trade and business licensing fees, work permit fees, tourism accommodation tax, and departure tax. It is advisable to consult with a tax professional or refer to the official Cayman Islands Tax Information Authority website for the latest tax regulations and requirements.
The Cayman Islands operates on a tax-neutral system, which means there is no corporate income tax levied on companies registered in the jurisdiction. This absence of corporate income tax has made the Cayman Islands a popular destination for investment funds, banking institutions, and international businesses.
For accurate and up-to-date information on business taxes in the Cayman Islands, it is recommended to visit the official website of the Cayman Islands Tax Information Authority. The website provides comprehensive information, guidelines, forms, and contact details for any tax-related inquiries.
Cayman Islands Tax Information Authority Website: Official Cayman Islands Tax Information Authority Website