Withholding tax is due on any dividends, interest, royalties, and subcontractor service fees in respect of mining operations, paid to any person (including companies) who is non-resident in the Cook Islands. Withholding tax is levied at the rate of 15%.
Any person who makes a payment of withholding income is required, at the time of making the payment, to make a deduction of withholding tax.
Payment of the withholding tax to Revenue Management is due on the 20th day of the month following the deduction of withholding tax.
Updated: 14.06.2018 (CP)
