Tax system in Bermuda
Bermuda does not levy personal income tax, wealth tax, inheritance tax, capital gains tax or dividend withholding tax for ordinary individuals.
The practical tax burden sits elsewhere. Payroll tax on employment income, social insurance contributions, land tax, stamp duty, customs duties and a few sector-specific charges can still matter.
For companies, the default position is still 0% corporate income tax, but Bermuda now applies a 15% corporate income tax to Bermuda businesses in multinational enterprise groups with annual revenue of EUR 750 million or more. The government has also continued 2026 payroll tax relief and updates for qualifying employers and older Bermudians.
Tax rates at a glance
- Income tax
- 0%Zero
- Wealth tax
- 0%
- Inheritance tax
- 0%
- Capital gains tax
- 0%
- Corporate tax
- 0% (15% MNE CIT)
- Dividend tax
- 0%
- VAT / GST
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Remote foundersHigh earnersInvestorsDigital nomadsHolding companies
Watch out for
- Bermuda is low-tax, not no-tax. Payroll tax, social insurance, land tax, stamp duty, customs duty and health insurance obligations can still be material.
- Large multinational groups should check the 15% Bermuda CIT rules, tax credits, elections and filing mechanics even if most local companies still sit outside corporate income tax.
- Bermuda has no VAT or GST, but real estate transactions, imported goods and certain service arrangements can still create real tax friction.
Frequently asked questions
Is Bermuda a low-tax country?
Yes. Bermuda is low-tax for individuals and most companies because it has no personal income tax, no wealth tax, no inheritance tax, no capital gains tax and no general corporate tax for out-of-scope companies.
Which taxes apply in Bermuda?
The main taxes and charges to model are payroll tax, social insurance contributions, land tax, stamp duty, customs duty, health insurance and the 15% corporate income tax for in-scope MNE groups.
Is Bermuda good for founders and investors?
It can be, especially for holding structures and international businesses that need credibility. The real decision points are payroll tax exposure, social insurance, substance, banking, land tax, future corporate tax changes and where the owners are tax resident.