Updated on 9 May 2025
10:16 AM
The information below explains some important points you need to be aware of for Customs Duty and Other Fees, such as the Inheritance Fee.
Based on the submitted entry details:
· The Duty Payable will be accessed: If otherwise dutiable goods are exempted from duty by virtues of orders made by the Cabinet under section 52 of the Cayman Islands Shipping Authority & Foreign Export Control Services Act, Duty Waivers, or one of the conditional duty exemptions itemized in the Second Schedule to the Customs Tariff Act. The duty waiver or exemption should be declared on submission of the entry, together with an undertaking that the importer will ensure that any conditions attached to such an exemption or waiver of duty will be observed. Any Duty Waivers/Exemptions not covered under the Second Schedule of the Customs Tariff must be accompanied with a letter from the Governor or Cabinet authorizing the exemption.
Additional Fees
Inheritance Fees
$586,000.00 for inheritance deposit tax payment must be made on all offshore deposit and inheritance claims that is valued over $5,000,000 ( $5M.USD)