Turks and Caicos Islands Tax Tables 2019 - Tax Rates and Thresholds in Turks and Caicos Islands
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This page contains the tax table information used for the calculation of tax and payroll deductions in Turks and Caicos Islands in 2019. These tax tables are used for the tax and payroll calculators published on iCalculator™ TC, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Turks and Caicos Islands or would like to add to or suggest amendments to the information herein then please contact us.
2019 Tax Tables [Quick Links]
Related Calculators
Turks and Caicos Islands Personal Income Tax Tables in 2019
The Income tax rates and personal allowances in Turks and Caicos Islands are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Turks and Caicos Islands Tax Calculator 2019.
Turks and Caicos Islands Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Turks and Caicos Islands Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Turks and Caicos Islands Social Security and Payroll Deduction Rates in 2019
In the Turks and Caicos Islands, the social security system is structured around providing essential support services to employees, funded through contributions from both employees and their employers. This system ensures a safety net for the workforce, covering healthcare, pension, and other benefits.
Turks and Caicos Islands Social Security in 2019: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| National Insurance (NI) | 3.4% | 4.6% | 8% |
| National Health Insurance Plan (NHIP) | 3% | 3% | 6% |
Turks and Caicos Islands Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| National Insurance (NI) | n/a | n/a | n/a | n/a |
| National Health Insurance Plan (NHIP) | n/a | $ 93,600.00 | n/a | $ 93,600.00 |
The social security and payroll deduction system in the Turks and Caicos Islands plays a pivotal role in safeguarding the well-being of the workforce. Through contributions from both employers and employees, the system provides a comprehensive range of benefits, supporting health, financial security, and employment services. This collaborative approach ensures that the workforce remains healthy, skilled, and financially secure, contributing to the overall prosperity of the territory.
Turks and Caicos Islands VAT Rates in 2019
VAT rates for Turks and Caicos Islands are reviewed annually, you can use the VAT Calculator to calculate VAT due in Turks and Caicos Islands or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Turks and Caicos Islands VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
Historic Tax Tables supported for Turks and Caicos Islands
The following tax tables are supported by iCalculator™ TC as part of the suite of free tax tools we provide for Turks and Caicos Islands.