Tax & Accounting Blog

11% VAT Confirmed for Turks and Caicos

Indirect Tax, Transaction Tax, VAT Tax Rates July 16, 2012

A recent white paper published by the government of Turks & Caicos confirms the country’s intent to implement an 11% VAT on 1 April 2013. The new VAT is slated to replace several existing taxes including the Communications Tax, Hotel & Restaurant Accommodation Tax and Domestic Financial Service Tax. According to the white paper essential food and household items will be exempt from VAT, along with healthcare and educational supplies.

More information is available here: http://turksandcaicosislands.fco.gov.uk/en/news/?view=News&id=783351182