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Compass News
Minimum wage takes effect on 1 January
The Department of Labour and Pensions is encouraging businesses and employees to prepare for the upcoming minimum wage increase on 1 January.
For more information, visit: https://gov.ky/web/dlp
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Cayman Compass
Realtors unworried as Parliament approves 10% luxury property stamp duty
Realtors remain sanguine as Parliament approved a stamp duty increase for land and properties worth $2 million and above that takes effect on 1 Jan. 2026.
On 14 Nov., Minister of Finance and Economic Development, Rolston Anglin, announced that stamp duty on property and land worth $2 million would increase to 10% from 7.5%. On 12 Dec. that measure was passed by Parliament and the regulations approved on 15 Dec. confirmed the change will apply from 1 Jan. 2026.
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