Turks and Caicos Islands
Caribbean · TC · 0 treaties
Tax profile
| Corporate income tax | 0% |
| Withholding — dividends | 0% |
| Withholding — interest | 0% |
| Withholding — royalties | 0% |
| VAT / GST (standard) | 0% |
| Personal income (top rate) | 0% |
| Capital gains | n/a |
| Tax system | No Income Tax |
| Residency threshold | — |
| Exit / departure tax | No |
| CFC rules | No |
| Transfer pricing | None |
| Digital nomad visa | No |
| Digital services tax | none |
| Global minimum tax (Pillar 2) | None |
Tax residency
Easy to leaveWhat makes you a tax resident — and how hard it is to stop being one.
- No statutory tax residency tests; jurisdiction has no direct personal taxes and therefore no legal definition of individual tax residence
Because there is no income or other direct personal taxation and no statutory tax-residence concept, individuals are not subject to ongoing residence-based income tax and there is nothing formal to 'break' beyond ceasing any factual presence or connections they may want to demonstrate to other countries. Other countries may still apply their own residence rules regardless of Turks and Caicos status.
Source: OECD (as relaying official Turks and Caicos Islands position)