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Taxation in Anguilla
 
 
 

Business Taxation

Anguilla is a neutral tax jurisdiction for corporate entities too. A company is not liable to corporate, capital gains, withholding, property, profit or other forms of direct taxes. In addition, no exchange controls exist in Anguilla.

The accommodation tax is a 10% tax charged on the hotel account or the rented accommodation account. The tax is charged to the visitor and is collected by the proprietor of the hotel of the owner of the rented accommodation. The tax is to be paid in to the IRD within 15 working days of the end of each calendar month. A surcharge of 1% per month is charged if the tax is not paid within the 15 working days. The proprietor/owner is required to keep and submit a copy of the visitors register to the IRD.

The proprietor/owner of the rented accommodation collects $1 per night for each room rented from the guest. The owner is required to match the guest's contribution. Payment is due to the IRD by the 15th of the following month. There is a penalty and an interest charge on all late submissions.

Non-residents who have been granted permission to rent are required to pay a fee of EC$6,750 for the first 2,000 sq ft. Additional charges are applied for covered and uncovered floor space in excess of the first 2,000 sq ft. Fees are due and payable by the first working day in January at the IRD.

Foreigners buying real property in Anguilla are liable to alien landholding licence, levied at 12.5% on the assessed value of the property or the sales proceeds, whichever is greater. The property is valued by the Lands and Surveys Department. The property tax is presently calculated at .075% of the value of the property, payable to the Inland Revenue Department (IRD) of Anguilla. A transfer tax of 5% is levied either on the assessed value of the property or the sales proceeds, whichever is greater. This tax is payable by the buyer.

Personal Taxation

Compare to the many financial services centres around, Anguilla is truly a neutral tax jurisdiction. There are no income, capital gains, estate, profit or other forms of direct taxation on either individuals or corporations, whether resident in Anguilla or not. This makes Anguilla a very attractive location for financial services professionals to base themselves. The Anguilla Government recognises the desirability of expanding Anguilla's professional infrastructure and has very recently established a new programme allowing for multi-year work permits of up to four years duration and relaxed residency rules.

There are no exchange controls in Anguilla. Although the official currency is the Eastern Caribbean dollar the United States dollar is commonly used.

Foreigners buying real property in Anguilla are liable to alien landholding licence, levied at 12.5% on the assessed value of the property or the sales proceeds, whichever is greater. The property is valued by the Lands and Surveys Department. The property tax is presently calculated at .075% of the value of the property, payable to the Inland Revenue Department (IRD) of Anguilla. A transfer tax of 5% is levied either on the assessed value of the property or the sales proceeds, whichever is greater. This tax is payable by the buyer.

 

 
 

 



 


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