Tax in Cuba

Tax authority

Oficina Nacional de Administración Tributaria (ONAT) under the Ministerio de Finanzas y Precios [SC1]. Substantive law: Ley 113 of 2012 (Tax System Law as amended); successive Resoluciones.

Filing framework

Individual annual returns due 30 April. Corporate annual returns due 31 March. ITS monthly.

Residency

Residents are physically present 183+ days [SC2]. Worldwide income.

Personal income tax

State-employed Cuban nationals face minimal personal income tax (state-dominated wage system). Self-employed (cuentapropistas) face progressive bands 15-50 percent on income above CUP 10,000 monthly threshold. Foreign-currency-denominated income subject to specific frameworks.

Corporate tax

35 percent on resident-company taxable profit. Specific framework for joint ventures with foreign capital (Mariel Special Development Zone offers reduced rates for qualifying activities). Withholding on non-resident dividends 4 percent (treaty rates apply for the few in-force treaties). Pillar Two not transposed.

Indirect tax

Impuesto sobre las Ventas (ITS) 10 percent on most goods/services [SC3]. Special Sales Tax applies on alcohol, tobacco, and luxury items. The post-2021 monetary unification eliminated the prior dual-currency system.

Cryptoassets

Banco Central de Cuba's 2021 Resolución 215 established a regulatory framework for cryptoasset transactions in the context of US sanctions and limited foreign-currency access. Where declared, gains under existing income-tax categories.

Treaties and sanctions context

Limited DTT network (~9 active). Cuba is subject to extensive US sanctions (OFAC Cuba Assets Control Regulations) substantially restricting US-counterparty engagement. Cuba is not a CRS adopter as of late 2024.