🇧🇲 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 Authority: Office of the Tax Commissioner (website)

🏠 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

No personal income tax filing. Payroll tax returns due quarterly. CIT applies only to large MNEs.

📚 SOURCES

🔗 RELATED

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