Americas
Currency
BMD
Corporate Tax
15%
Personal Income Tax
0%
VAT / GST
0%
15% CIT for Bermuda MNE groups in scope of Pillar Two (from 2025); 0% otherwise.
No personal income tax; payroll tax 5.5%-14% (employer share).
No VAT/GST; customs duties and payroll tax.
Dividends
0%
Interest
0%
Royalties
0%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
Payroll tax up to 14% (employer 7.75% + employee 6.25%, capped).
Capital Gains Tax
0%
Inheritance / Estate Tax
0%
Capital (Net Worth) Tax
0%
Property Tax
Land tax ~0.6–3% (progressive on ARV)
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Calendar year
Notes
Pillar Two CIT introduced 2025 for MNEs >€750m revenue. No traditional income tax.
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