The Income tax rates and personal allowances in British Indian Ocean Territory 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 British Indian Ocean Territory Tax Calculator 2021.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Flat rate on all taxable income | ||
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Flat rate on all taxable income | ||
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in British Indian Ocean Territory periodically and typically updated each year. Not that not all tax rates and thresholds in British Indian Ocean Territory change annually, alterations to tax policy to support strategic economic growth in British Indian Ocean Territory mean that the certain areas may be focused on to provide specific tax relief in British Indian Ocean Territory or support growth in certain areas (overseas invstment in British Indian Ocean Territory for example may mean reduced non-resident income tax rates in British Indian Ocean Territory for a period).
When tax policy in British Indian Ocean Territory changes, the resultant tax tables also change. Tax tables in British Indian Ocean Territory are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in British Indian Ocean Territory, the British Indian Ocean Territory tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in British Indian Ocean Territory for example).
British Indian Ocean Territory Tax Tables may also be referred to as British Indian Ocean Territory Tax Slabs, British Indian Ocean Territory personal allowances and tax thresholds or British Indian Ocean Territory business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2021 tax rates and thresholds used within the 2021 British Indian Ocean Territory Salary Calculator. This means that if you are aware of a 2021 tax exemption or 2021 tax allowance in British Indian Ocean Territory that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the British Indian Ocean Territory Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the British Indian Ocean Territory Salary Calculator to suit our users needs. Our aim is to keep tax calculations in British Indian Ocean Territory simple, we achieve this my making the British Indian Ocean Territory tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2021 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2021 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the British Indian Ocean Territory income tax rates and personal allowances used in the associated income tax calculator for the same tax year.