0% - no corporate income or capital gains tax for local or international companies.
0% - no personal income tax.
0% - no general sales tax or VAT; government revenue comes from import duties, stamp duty, and licensing fees.
Residency has limited practical tax consequence given the absence of income, corporate, and capital gains taxation. Individuals working in TCI (employed or self-employed) are required to contribute to National Insurance and the National Health Insurance Board regardless of residency status, confirmed via the territory's official tourism/investment portal (visitTCI). A TCI Exempt Company is generally exempt from all forms of local taxation for a 20-year period, confirmed via a company-formation specialist source, and companies (whether resident or carrying on business in the Islands) are not subject to income or capital gains tax.
No Controlled Foreign Company regime was identified in available sources this session. Given TCI itself imposes no corporate income tax, the concept of a domestic CFC regime protecting TCI's own tax base would have limited purpose - though this does not eliminate CFC exposure for a foreign owner under their own home country's CFC rules.
No statutory thin capitalization ratio was identified in available sources.
No domestic FBAR/Form 8938-equivalent requiring TCI residents to self-report their own foreign accounts was identified. TCI signed the OECD's Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) on October 29, 2014, with automatic exchange beginning September 2017, and separately signed the Multilateral Competent Authority Agreement on Country-by-Country Reporting (CbC MCAA) on June 21, 2017 - so TCI financial institutions do participate in CRS/CbC reporting to other jurisdictions' tax authorities. Separately and independently of TCI law, US citizens and Green Card holders with TCI accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938.
Turks and Caicos has no comprehensive double tax agreements. It maintains 16 Tax Information Exchange Agreements (TIEAs) - narrower information-sharing instruments, not treaties providing double-tax relief - with Australia, Canada, Denmark, the Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, the Netherlands, New Zealand, Norway, Portugal, Sweden, and the United Kingdom, confirmed via GSL's specialist tax-law profile. TCI has not signed the OECD's Multilateral Convention (MLI).