Ky Tax Overview

---
name: ky-tax-overview
description: "Source-cited draft: tax overview for Cayman Islands (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/ky-tax-overview"
  jurisdiction: "KY"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Cayman Islands Tax Overview

## 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](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](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](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](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](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](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](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](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](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](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/](https://www.ciregistry.ky/fees/))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `ky-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/ky-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.