Kiribati Wealth Tax Guide: No Wealth Tax, No Net Worth Tax 2026
Kiribati does not impose any form of wealth tax, net worth tax, or solidarity tax on individuals or companies. There is no annual tax on total assets, financial wealth, or high net worth. Combined with no CGT, no inheritance tax, and no annual property tax, Kiribati is one of the most tax-efficient jurisdictions for wealth preservation. Here is how wealth taxation works in 2026.
Unlike several countries that levy annual wealth taxes (France, Norway, Spain, Switzerland), Kiribati has completely abstained from introducing any recurring wealth-based tax. There is no tax on net worth, no tax on financial assets, no tax on bank deposits, and no tax on investment portfolios. This policy, combined with no capital gains tax, no inheritance tax, and no annual property tax, makes Kiribati exceptionally attractive for high-net-worth individuals and families seeking to preserve and grow wealth. No inheritance or gift tax either →
Real-world example: An individual with net worth of AUD 5,000,000 (cash, shares, real estate) in Kiribati pays AUD 0 in wealth tax, AUD 0 in CGT, AUD 0 in annual property tax, and AUD 0 in inheritance tax. In France, the same assets would trigger the Impôt sur la Fortune Immobilière (IFI) at progressive rates up to 1.5% on real estate above €1.3 million. In Norway, wealth tax of 1.1% on net worth above NOK 1.7 million would apply. In Switzerland, cantonal wealth tax of 0.2-1% would apply. Over 20 years, the Kiribati-based individual could save millions compared to these jurisdictions. Personal income tax →
What Kiribati Does Not Tax
- Net worth: No annual tax on total assets minus liabilities
- Financial assets: No tax on shares, bonds, mutual funds, ETFs, or other securities held
- Bank deposits: No tax on cash held in bank accounts
- Real estate holdings: No annual property tax on real estate
- Business assets: No tax on company shares, partnership interests, or business ownership
- Luxury assets: No tax on art, jewellery, vehicles, or other luxury goods
Taxes That Do Apply to Asset Owners
While there is no wealth tax, asset owners in Kiribati do face some related taxes:
- Income tax on investment returns: Dividends, interest, and rental income are taxed (see investment income and rental guides)
- Stamp duty on property purchase: One-time stamp duty of ~1% on property transfers
- Business license tax: AUD 100-500 per year for businesses
Comparison with Wealth Tax Countries
- Kiribati: 0% wealth tax, 0% net worth tax, 0% CGT, 0% inheritance tax
- France: IFI up to 1.5% on real estate above €1.3M
- Norway: 1.1% on net worth above NOK 1.7M
- Switzerland: Cantonal rates 0.2-1% on net worth (varies by canton)
- Spain: Wealth tax up to 3.5% on net worth above €700K (varies by region)
- Netherlands: Notional return tax on savings and investments (effective ~1.7%)
- Italy: 0.2% on foreign financial assets, 0.76% on foreign real estate
Could Kiribati introduce a wealth tax in the future?
As of 2026, there is no legislative proposal or public discussion about introducing a wealth tax in Kiribati. The government's tax policy focuses on maintaining a simple system with revenue primarily from fishing licenses, seafarer income tax, and import duties. Income tax (PIT and CIT) provides supplementary revenue.
Is there any minimum tax for wealthy individuals?
No. Kiribati does not have an alternative minimum tax, a minimum wealth tax, or any deemed income tax for high-net-worth individuals. There is no exit tax for individuals leaving Kiribati either.