Cayman Islands Tax Tables 2023 - Tax Rates and Thresholds in Cayman Islands
This page contains the tax table information used for the calculation of tax and payroll deductions in Cayman Islands in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ KY, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Cayman Islands or would like to add to or suggest amendments to the information herein then please contact us.
2023 Tax Tables [Quick Links]
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Cayman Islands Personal Income Tax Tables in 2023
The Income tax rates and personal allowances in Cayman Islands are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Cayman Islands Tax Calculator 2023.
Cayman Islands Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Flat rate on all taxable income |
Cayman Islands Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Flat rate on all taxable income |
Cayman Islands Social Security and Payroll Deduction Rates in 2023
The Cayman Islands have a unique approach to social security and payroll deductions, reflecting the territory's broader fiscal policies and economic structure. Unlike many countries, the Cayman Islands do not have a traditional social security system funded by payroll taxes. Instead, employers and employees contribute to mandatory pension schemes, which are the primary form of social security in the territory.
Cayman Islands Social Security in 2023: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Compulsory Private Pension | 5% | 5% | 10% |
Cayman Islands Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Compulsory Private Pension | n/a | n/a | n/a | n/a |
Historic Tax Tables supported for Cayman Islands
The following tax tables are supported by iCalculator™ KY as part of the suite of free tax tools we provide for Cayman Islands.