Anguilla legal and accounting and tax considerations in 2024

1. Resident and non-resident companies in Anguilla suffer no corporate taxes, including: i) corporate income; ii) capital gains and; iii) any other direct taxation;
2. Both imports and exports are fully VAT exempt. Consequently, no VAT registration is required;
3. There are no withholding taxes on all payments, including: i) dividends; ii) interest; iii) royalties and; iv) technical services. Consequently, Anguilla has not signed any double tax treaties
4. Both resident and non-resident individuals suffer no personal income taxation on all means of income;
5. There are no thin capitalization and transfer pricing requirements on both resident and non-resident companies;
6. Social security payments levied at 5% of earnings are due by employers each month;
7. Real-estate tax is flat 0.75% of the property value, determined by the Land Authority of Anguilla;
8. Finally, Healy Consultants will assist the Client with:
   • Documenting and implementing accounting procedures;
   • Implementing financial accounting software;
   • Preparing financial accounting records;
   • Preparing forecasts, budgets, sensitivity analysis and other services.
9. It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.