Bermuda Tax Guide
This page includes citations to the sources used for this entry. Always verify with official sources before making decisions.
Personal Income Tax
Tax Residency
Income Tax Rates
Foreign Income Treatment
Investment Income
No capital gains tax
Wealth & Inheritance
Practical Notes
Payroll tax up to 10.25% (employer portion). Customs duties on imports. Leading insurance/reinsurance hub.
Business & Corporate Tax
Corporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Insurance hub incentives
- 15% for large MNEs
Data Sources
Last updated: January 2025. Always verify with official sources before making decisions.
FAQ
What is the personal income tax rate in Bermuda?
Bermuda has a top personal income tax rate of 0%. The tax structure is: No personal income tax. See the detailed breakdown above and verify with official sources.
Do I need to pay tax on foreign income in Bermuda?
Bermuda uses a exempt system for foreign income. No personal income tax
What are the residency requirements for Bermuda?
Tax residency in Bermuda generally requires 183 days of physical presence. 183 days required for tax residency. Always verify current rules with official sources.
Is there a wealth tax in Bermuda?
No, Bermuda does not have a wealth tax. No wealth tax
What is the corporate tax rate in Bermuda?
The corporate tax rate in Bermuda is 0%. No corporate income tax; 15% corporate tax introduced for large MNEs (revenue >ā¬750m) from 2025