🇫🇰 Falkland Islands Tax Guide - Income Tax, Corporate Tax & Special Regimes

Top income tax 26.0% Worldwide system

Corporate tax 26.0%

VAT/GST None standard rate

Tax residency 183 days 1 tax treaties

Falkland Islands tax profile

Data year: 2026

Tax system: Worldwide British Overseas Territory. Residents and ordinarily resident individuals are taxed on worldwide income. Income tax applies on chargeable income after the personal allowance (FKP 16,860 for 2026 for qualifying residents) and other deductions: 21% on the first FKP 18,000 of chargeable income and 26% on the remainder. Corporation tax is 21% on the first FKP 500,000 of non–ring-fence profits (threshold shared among associated companies) and 26% above; oil exploration and exploitation ring-fence profits are taxed at 26% on all profits.
Top PIT rate: 26.0%
Corporate tax rate: 26.0%
VAT/GST: No VAT/GST
Capital gains tax: No Capital Gains Tax
Social security (employee): 0.0%
Social security (employer): 0.0%
Dividend withholding: 0.0%
Interest withholding: 0.0%
Royalty withholding: 0.0%
Treaty count: 1

Corporate

Corporate brackets
Bracket min	Bracket max	Rate	USD equivalent
FKP 0	FKP 500,000	21.0%	$0 – $660,000
FKP 500,000	and above	26.0%	$660,000 +

Personal income

Personal income brackets
Bracket min	Bracket max	Rate	USD equivalent
FKP 0	FKP 18,000	21.0%	$0 – $23,760
FKP 18,000	and above	26.0%	$23,760 +

Days threshold: 183 days
Residency rules: Tax resident if physically present in the Islands for 183 or more days in the calendar tax year. Repeatedly resident except for a temporary absence is ordinarily resident. Non-residents are generally taxed on Falkland Islands–source income; foreign-source income of non-residents is exempt under the Taxes Ordinance.
Exit tax: No
CFC rules: No

FIGTO — Individuals & Employees (accessed Oct 9, 2026) 2026 personal allowance FKP 16,860; PIT 21%/26% on chargeable income; residency 183-day test; filing and payment dates
Taxes Ordinance 1997 (consolidated to 2025-01-01) (accessed Oct 9, 2026) Worldwide PIT scope for residents; s.10 rates on first FKP 18,000 at 21% and remainder at 26%; non-resident foreign-source exemption
FIGTO — Companies (accessed Oct 9, 2026) CIT 21% on first FKP 500,000 of non–ring-fence profits, 26% above; ring-fence oil profits at 26%
HMRC — Falkland Islands tax treaties (accessed Oct 9, 2026) 1997 UK–Falkland Islands double taxation arrangement in force
FIG — General Tax Guide for Individuals (2024 onwards) (accessed Oct 9, 2026) Medical Services Tax 0% since 2018; POAT withholding; residency definitions

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