Caribbean & Atlantic
Turks and Caicos Islands: tax at a glance
No income, corporate, capital gains, property or inheritance tax. The government is funded instead by import duties, stamp duty on land and tourism levies.
No personal income tax
Last verified July 2026
The taxes
- Personal income (top)
- 0%
- Corporate income
- 0%
- Capital gains
- None
- VAT
- None
- Dividends (WHT)
- None
- Interest (WHT)
- None
- Royalties (WHT)
- None
- Social security (employee)
- About 4.25% for National Insurance, plus about 3% for National Health Insurance.
- Social security (employer)
- About 6% for National Insurance, plus about 3% for National Health Insurance.
- Wealth tax
- None
- Inheritance / estate
- None
- Property tax
- None, though stamp duty on land transfers runs up to 10%.
- Other
- Import duties, a hotel and tourism tax, and NHIP contributions.
How the system works
- Tax system
- No personal income tax
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.
Frequently asked
What is the income tax rate in Turks and Caicos Islands?
The top marginal personal income tax rate in Turks and Caicos Islands is 0%. No personal income tax.
What is the corporate tax rate in Turks and Caicos Islands?
The headline corporate income tax rate is 0%.
Does Turks and Caicos Islands tax capital gains?
Capital gains for individuals: None.