Cook Islands Flag

Cook Islands: Living There - Tax Issues

In Depth

Find Property

Directory

Global Statistics

Regional Statistics


Last Updated: Nov 29, 2008

Living There

INDIVIDUAL TAXATION

Residents are taxed on their worldwide income.

Non-Cook Islanders seeking permission to reside or do business in the Cook Islands are regulated by the Development Investment Act 1995-6, the Leases Restrictions Act 1976 and the Entry Residence and Departure Act 1977.

INCOME TAX

Income and capital gains earned by residents are taxed at progressive rates.

INCOME TAX FOR RESIDENTS
TAXABLE INCOME, NZD (US$)
TAX RATE
Up to 20,000 (US$10,996)
25%
Over 20,000 (US$10,996)
30%
Source: Global Property Guide

RENTAL INCOME
Rental income is taxed in the islands. The taxable income is the gross rent less income-generating expenses.

CAPITAL GAINS
Capital gains realized from selling real property are considered ordinary income and taxed at the standard income tax rates.


PROPERTY TAX


There are no property taxes in Cook Islands.

 

Cook Islands - more data and information

Your Comments

Be the first to comment!

Post a comment

Email address is kept strictly confidential
* Optional, but allows us to notify you when your comment has been posted.
Comments submitted using this form will be published.
Note that the editors cannot answer specific questions, e.g., about law or taxation.
These issues can be raised by posting publicly here, where often knowledgeable local readers are able to assist.



Subscribe to our Newsletter!

Enter your email address to sign up.