Income Tax

How much TAX would you have to PAY on your ANNUAL TOTAL INCOME?

Income Tax

Individual & Non-Individual

Individual Tax

Individual Income Tax

Income Tax is paid on all income earned in the Cook Islands and all worldwide income received by Cook Island tax residents.

Taxpayers are required to file annual income tax returns. Individual income tax returns are due on 1 March the following year.

The income year in the Cook Islands is 1 January - 31 December. The due date for payment of terminal tax is 1 October the following year.

Individual Income Tax

Businesses not legally incorporated, such as most shops, must declare their revenue as personal income, either as a sole proprietor or in a partnership, whatever the case may be.

Individual income tax rates are as follows:

  • 0             -     $11,000        exempt
  • $11,001   -     $30,000        17.5%
  • $30,001   -     $80,000        27.5%
  • $80,001   &    above            30%

Note: the $11,000 exemption is for a full year of residence in the Cook Islands. The exemption is apportioned to days resident for individuals who have not been resident for a full year.

Non residents only receive the exemption for the days they are personally present in the Cook Islands.

View Income Tax Return Forms

pdfSecondary Tax Code Application Form218.21 KB

Non-Individual Tax

Company

Company tax returns for companies with a December balance date are due on 1 May the following year.

  • The resident company income tax is a flat rate of 20%.
  • The non-resident company income tax is a flat rate of 28%.

pdfCompany Tax Return Form - RM6245.18 KB

pdfDepreciation Rates28.34 KB

pdfInterest Deductibility 76.5 KB