The Marshall Islands taxation provisions:
Offshore companies incorporated in The Marshall Islands are tax exempt:
- tax on profit, dividends, interest and royalty – 0%;
- capital gains tax – 0%;
- tax at source on the payment of the above income – 0%;
- value added tax – 0%;
- wealth and inheritance tax – 0%.
There is no stamp duty.
In place of the above taxes, The Marshall Islands offshore companies must pay an annual registration fee of $450. Penalties are imposed in the case of a breach of the fee payment terms.
The law provides for a one-off tax on capital in the event of an increase of the number of shares over $50,000.
Double Tax Treaties
The Marshall Islands does not have a Double Tax Treaty with any other country.
Tax Information Exchange Treaties are in place with the USA, Norway, Denmark, Australia and the Netherlands.