Many of the Cayman Islands’ competitor jurisdictions have taxes on income, wages and or payroll, although none impose greater taxes on expatriates than locals.
Unless otherwise specified, the information below was gathered from member firms of KPMG International Cooperative, and does not include information on deductions, exemptions, or special cases for international business activities.
The rates also do not necessarily include taxes levied by smaller governmental entities, in the United States for example, by states, counties or cities.
Anguilla
Income tax of 3 per cent paid by employee, plus 3 per cent paid by employer
Self-employed income tax of 6 per cent
Social security tax of 5 per cent paid by employee, plus 5 per cent paid by employer
Total tax: 16 per cent of income
Bahamas
Total tax: 9.8 per cent of income
Bermuda (from Bermuda government)
Total tax: 5.75-24 per cent of income, plus US$3,161.60
British Virgin Islands (from BDO and BVI government)
Total tax: 18.5-22.5 per cent of income
Cyprus
Total tax: 39.8-55.8 per cent of income
Guernsey
Total tax: 32.5 per cent of income
Hong Kong
Total tax: 12-27 per cent of income
Ireland
Total tax: 36.75-62.75 per cent of income
Isle of Man
Total tax: 23.8-43.8 per cent of income
Jamaica
Total tax: 40 per cent of income
Jersey
Total tax: 32.5 per cent of income
Malta
Total tax: 15-55 per cent of income
South Africa
Total tax: 18-40 per cent of income
United Kingdom
Total tax: 45.8-75.8 per cent of income
United States
Total tax: 25.3-40.3 per cent of income
Compared to the competition
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