Top income tax
None
None system
Corporate tax
15.0%
VAT/GST
None
standard rate
Tax residency
—
Bermuda tax profile
Data year: 2025
- Tax system
- None No personal income tax. Corporate income tax (15%) introduced 2025 for MNEs with EUR 750M+ revenue under OECD Pillar Two.
- Top PIT rate
- No Income Tax
- Corporate tax rate
- 15.0%
- VAT/GST
- No VAT/GST
- Capital gains tax
- No Capital Gains Tax
- Social security (employee)
- 6.0%
- Social security (employer)
- 6.0%
- Dividend withholding
- 0.0%
- Interest withholding
- 0.0%
- Royalty withholding
- 0.0%
- Treaty count
- --
Tax residency
- Residency rules
- No personal income tax so residency for tax purposes is not a major concern. Work permits required for non-Bermudians.
- Exit tax
- No
- CFC rules
- No
Filing information
- Fiscal year
- 04-01 – 03-31
Sources
- PwC Bermuda (accessed Mar 23, 2026) Overview, payroll tax, CIT