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The Turks and Caicos Islands is a well recognised tax-free jurisdiction. There is no income, capital gains, value added or inheritance taxes. Income earned in the Turks and Caicos Islands is not, therefore taxable by the Turks and Caicos Islands Government. It is entirely up to you and your conscience whether you declare your offshore income and the existence of your confidential offshore credit card account. Whether the income earned is taxable in the applicants home jurisdiction will depend upon the laws of that country. If the jurisdiction only taxes income earned within the Home Jurisdiction, then the Exxcomm commissions are clearly not taxable. Normally, jurisdictions that tax earnings worldwide will have a number of exceptions to the taxation of income earned outside that country. These exceptions vary from country to country. Common exceptions are active income earned offshore (as opposed to investments), and income which is not repatriated. |
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How the System Works
Exxcomm Provides The System Plan in action Example of Progression Income Tax Confidentiality Printable Brochure Questions |
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