The Caymanian Compass reports the latest proposal on the budget alternatives to expat tax. The Premier is replacing the expat tax with a new measure: increase in work permit fees. The fees between CI$15,000 – CI$24,000 will see the highest increase by 35%, and those between CI$7,500 – CI$14,999 will be increased by 30%.
This will affect majority of foreign professionals including accountants, financial controllers, banking professionals, management and chief executives. Read the full article: