Corporate Tax
0%
Income Tax
0.25-0%
VAT Rate
0%
Effective Rate
0%
Overview
No general corporate income tax. A 15% Corporate Income Tax applies from 2025 only to Bermuda businesses in multinational groups with revenue of at least EUR 750 million.
No personal income tax. Employees pay payroll tax on remuneration at marginal rates from 0.25% to 12.5% (from 1 April 2026), capped at BMD 1 million.
Tax Calculator
Overview
No general corporate income tax. A 15% Corporate Income Tax applies from 2025 only to Bermuda businesses in multinational groups with revenue of at least EUR 750 million.
No personal income tax. Employees pay payroll tax on remuneration at marginal rates from 0.25% to 12.5% (from 1 April 2026), capped at BMD 1 million.
Tax Brackets
0 - 48,0000.25%
48,000 - 96,0007.75%
96,000 - 200,00010.75%
200,000 - 500,00011.5%
500,000 - 1,000,00012.5%
1,000,000 - ∞0%
Compare Countries
See how Bermuda compares to other countries