Uncategorized Cayman Islands – There is no VAT imposed in the Cayman Islands. 10 June 2015394 views1 min read Cayman Islands – Other taxes impacting corporate entities. ES: Difference in the concept of establishment for VAT taxpayer purposes and for non-established VAT refund procedure purposes. Decision from the Economic-Administrative Court Bermuda is exploring ideas on how to broaden its tax base — and is working with an organisation which has helped several Caribbean islands to introduce value-added tax (VAT).