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The Income tax rates and personal allowances in Cook Islands 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 Cook Islands Tax Calculator 2020.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from $ 0.000.00 | to | $ 12,800.00 |
| 17% | Income from $ 12,800.01 | to | $ 30,000.00 |
| 27% | Income from $ 30,000.01 | to | $ 80,000.00 |
| 30% | Income from $ 80,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from $ 0.000.00 | to | $ 12,800.00 |
| 17% | Income from $ 12,800.01 | to | $ 30,000.00 |
| 27% | Income from $ 30,000.01 | to | $ 80,000.00 |
| 30% | Income from $ 80,000.01 | and above | |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Cook Islands periodically and typically updated each year. Not that not all tax rates and thresholds in Cook Islands change annually, alterations to tax policy to support strategic economic growth in Cook Islands mean that the certain areas may be focused on to provide specific tax relief in Cook Islands or support growth in certain areas (overseas invstment in Cook Islands for example may mean reduced non-resident income tax rates in Cook Islands for a period).
When tax policy in Cook Islands changes, the resultant tax tables also change. Tax tables in Cook Islands are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Cook Islands, the Cook Islands 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 Cook Islands for example).
Cook Islands Tax Tables may also be referred to as Cook Islands Tax Slabs, Cook Islands personal allowances and tax thresholds or Cook Islands 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 2020 tax rates and thresholds used within the 2020 Cook Islands Salary Calculator. This means that if you are aware of a 2020 tax exemption or 2020 tax allowance in Cook Islands that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Cook Islands Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Cook Islands Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Cook Islands simple, we achieve this my making the Cook Islands tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2020 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2020 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Cook Islands income tax rates and personal allowances used in the associated income tax calculator for the same tax year.