Overview

Tax entries --
Last updated
-- YYYY-MM-DD
Country time --

Bermuda tax notes

Server-rendered snapshot for AI crawlers and no-JS clients.

Income and import tax notes. Replace demo data with official sources.

Income AND Payroll Taxes - Corporate Income TAX

Standard Rate Percent: 15%

Bermuda corporate income tax applies to Bermuda Constituent Entities of multinational enterprise groups that meet the EUR 750 million revenue threshold under OECD Pillar Two rules.

Source: Ministerial Statement - Corporate Income Tax Agency Bill 2024

Consumption Taxes - VAT OR Sales TAX

Standard Rate Percent: 0%, Reduced Rate Percent: 0%

Bermuda does not operate a VAT/GST sales tax regime; government tax administration focuses on payroll tax, customs duties, and sector-specific taxes.

Source: Government of Bermuda - taxes for businesses

Customs AND Duty Free

Duty Free Allowance BMD: 50, Duty Free Allowance USD: $50 USD

Duty-free allowances are available for visitors and returning residents under Bermuda Customs guidance.

Source: Department of Customs - duty free allowances

Primary sources: Government of Bermuda - taxes for businesses, Bermuda payroll tax rates (2025-2026) - Office of the Tax Commissioner. Full dataset: taxes.json.

Country brief context

Use this overview to track near-term closures and planning signals.

Each country brief combines official public holiday dates with tax notes to help teams plan travel, staffing, and compliance.