iCalculator™ KI: Kiribati Tax Calculators

Welcome to iCalculator™ KI, your comprehensive suite of free tax calculators for Kiribati. iCalculator™ has provided free tax calculators for Kiribati since 2019. Since those early days we have extended our resources for Kiribati to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Kiribati Tax Calculator and salary calculators within our Kiribati tax section are based on the latest tax rates published by the Tax Administration in Kiribati. In this dedicated Tax Portal for Kiribati you can access:

Kiribati Tax Calculator 2024/25

The Kiribati Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Kiribati. This includes calculations for

1. Employees in Kiribati to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Kiribati.

Discover Kiribati

Kiribati, a sovereign state in the central Pacific Ocean, comprises 32 atolls and one raised coral island, spread over a vast area. It is situated near the equator and is flanked by the Marshall Islands to the north, Nauru to the west, and Tuvalu to the south. The country is unique for being the only nation in the world to fall into all four hemispheres. Its nearest neighbors include Marshall Islands, Nauru, and Tuvalu.

The culture of Kiribati is deeply rooted in its Polynesian heritage and is reflected in its music, dance, and handicrafts. The traditional dance, known as the 'te bino', and music played on local instruments like the ‘ukulele’, are significant aspects of their cultural identity. Kiribati's language is I-Kiribati, and the population is predominantly Christian. The country is also known for its unique custom of land ownership, which is passed down through matrilineal descent.

Economically, Kiribati's isolation and limited resources pose challenges. Its economy is largely based on subsistence farming and fishing. Copra (dried coconut kernel) and fish are the primary exports. The country also relies on external financial aid, remittances from citizens working overseas, and revenues from fishing licenses. Tourism, though a small sector, offers potential for growth, with attractions such as the Phoenix Islands Protected Area, one of the largest marine protected areas in the world.

Kiribati faces significant environmental challenges, including the threat of rising sea levels due to climate change. The government is actively working on strategies to combat these challenges and improve the resilience and sustainability of its economy. Developing sectors such as renewable energy, sustainable fisheries, and eco-tourism are considered vital for the future economic stability of Kiribati.

Tax overview of Kiribati

The tax system in Kiribati is designed to accommodate the unique economic structure of the country. It comprises various forms of taxation applicable to individuals, businesses, and specific sectors. The key components include personal income tax, which is levied on individuals' earnings, and business profit tax, applied to the profits of companies operating within Kiribati. Additionally, Kiribati imposes import duties on certain goods and a general sales tax on a range of products and services, contributing to the nation's revenue.

Kiribati's tax regime aims to balance the need for revenue generation to support public services and infrastructure with the promotion of economic growth and development. Recognizing the challenges of a small island economy, the tax system is structured to be both equitable and supportive of local businesses and communities.

For residents and businesses in Kiribati, understanding the local tax regulations is essential for compliance and effective financial planning. The government also provides various incentives and exemptions in certain sectors to encourage sustainable economic development. For the latest information on Kiribati's tax regulations, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, a valuable resource for navigating the complexities of taxation in Kiribati.