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Cook Islands: Taxes and Costs

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Regional Statistics


Last Updated: Nov 29, 2008

Moderate to high rental
income taxes in the Cook Islands

INDIVIDUAL TAXATION

Non-residents are taxed only on their income from sources in Cook Islands.

INCOME TAX

Income and capital gains earned by non-residents is taxed at progressive rates, from 20% to 30%.

INCOME TAX FOR NON-RESIDENTS
TAXABLE INCOME, NZD (US$)
TAX RATE
Up to 4,000 (US$2,199)
20%
4,000 – 24,000 (US$13,195)
25%
Over 24,000 (US$13,195)
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

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