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Cayman Islands vs Jamaica: tax rates compared
Jamaica's income tax rate is 30pp higher than Cayman Islands's (30% vs 0%). The 200-country average is 28%: Cayman Islands sits below it, Jamaica sits above it. Cayman Islands's figure is dated 2026-05-29 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | KY | JM | Difference |
|---|---|---|---|
| Income Tax | 0% | 30% | JM +30 pplargest gap |
| Corporate Tax | 0% | 25% | JM +25 pp |
| VAT | 0% | 15% | JM +15 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cayman Islands | 0% | Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Taxes on personal income) · as of 2026-05-29 |
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| Difference | −30 pp | Jamaica higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cayman Islands | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Jamaica | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −25 pp | Jamaica higher |
Jamaica's corporate tax rate is 25pp higher than Cayman Islands's (25% vs 0%). The 201-country average is 22.6%: Cayman Islands sits below it, Jamaica sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cayman Islands | 0% | Source: PWC Worldwide Tax Summaries — Cayman Islands (Corporate, Other taxes) · as of 2026-05-29 |
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −15 pp | Jamaica higher |
Jamaica's VAT rate is 15pp higher than Cayman Islands's (15% vs 0%). The 181-country average is 15%: Cayman Islands sits below it, Jamaica matches the world average. Cayman Islands's figure is dated 2026-05-29 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cayman Islands | 0% | Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Taxes on personal income) · as of 2026-05-29 |
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Cayman Islands's capital gains tax rate is identical to Jamaica's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Cayman Islands's figure is dated 2026-05-29 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cayman Islands | 0% | Source: PWC Worldwide Tax Summaries — Cayman Islands (Individual, Other taxes) · as of 2026-05-29 |
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Cayman Islands's wealth tax rate is identical to Jamaica's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Cayman Islands's figure is dated 2026-05-29 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.