Income Tax in Bermuda

Personal income tax for Bermuda (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Bermuda · tax year 2025 · changed 25 Jun 2026

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Key figures: Bermuda, 2025

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Overview of personal income tax in Bermuda

Bermuda imposes no personal income tax, no capital gains tax, and no inheritance/estate tax on individuals. There are therefore no income tax bands, no tax-free threshold, and no income tax return or payment deadlines. The closest equivalent burden on labour income is the employee portion of payroll tax (see the payroll-social topic).

Personal income tax

Bermuda does not levy any tax on the income of individualsPwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income)

Income tax bands / rates

Not applicable — no income tax bands or rates exist for residents or non-residentsPwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income)

Tax-free threshold

Not applicable — no personal income tax existsPwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income)

Capital gains tax (individuals)

NonePwC Worldwide Tax Summaries — Bermuda, Individual income determination (https://taxsummaries.pwc.com/bermuda/individual/other-taxes)

Inheritance / estate / gift tax

None (estate transfers may attract stamp duty on the affidavit of value)Stamp Duties Act 1976 (https://taxsummaries.pwc.com/bermuda/individual/other-taxes)

Personal income tax return & filing deadline

Not applicable — no personal income tax return is filed by individualsPwC Worldwide Tax Summaries — Bermuda, Individual tax administration (https://taxsummaries.pwc.com/bermuda/individual/tax-administration)

Employee burden on labour income

The employee portion of payroll tax (progressive, by remuneration band) is the main tax on employment income; it is withheld and remitted by the employerPayroll Tax Act 1995 (https://www.gov.bm/payroll-tax)

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Personal income tax in Bermuda

Overview of personal income tax in Bermuda — Bermuda imposes no personal income tax, no capital gains tax, and no inheritance/estate tax on individuals. There are therefore no income tax bands, no tax-free threshold, and no income tax return or payment deadlines. The closest equivalent burden on labour income is the employee portion of payroll tax (see the payroll-social topic).
Personal income tax — Bermuda does not levy any tax on the income of individuals (PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))
Income tax bands / rates — Not applicable — no income tax bands or rates exist for residents or non-residents (PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))
Tax-free threshold — Not applicable — no personal income tax exists (PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))
Capital gains tax (individuals) — None (PwC Worldwide Tax Summaries — Bermuda, Individual income determination (https://taxsummaries.pwc.com/bermuda/individual/other-taxes))
Inheritance / estate / gift tax — None (estate transfers may attract stamp duty on the affidavit of value) (Stamp Duties Act 1976 (https://taxsummaries.pwc.com/bermuda/individual/other-taxes))
Personal income tax return & filing deadline — Not applicable — no personal income tax return is filed by individuals (PwC Worldwide Tax Summaries — Bermuda, Individual tax administration (https://taxsummaries.pwc.com/bermuda/individual/tax-administration))
Employee burden on labour income — The employee portion of payroll tax (progressive, by remuneration band) is the main tax on employment income; it is withheld and remitted by the employer (Payroll Tax Act 1995 (https://www.gov.bm/payroll-tax))
Employee social insurance contribution — Flat weekly contributory pension contribution applies to employees aged 16-64 (see payroll-social) (Contributory Pensions Act 1970 (https://www.gov.bm/department/social-insurance))
Residence test for income tax — Not applicable — residence does not affect a (non-existent) personal income tax liability (PwC Worldwide Tax Summaries — Bermuda, Individual residence (https://taxsummaries.pwc.com/bermuda/individual/residence))

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Personal income tax in Bermuda

Overview of personal income tax in Bermuda — Bermuda imposes no personal income tax, no capital gains tax, and no inheritance/estate tax on individuals. There are therefore no income tax bands, no tax-free threshold, and no income tax return or payment deadlines. The closest equivalent burden on labour income is the employee portion of payroll tax (see the payroll-social topic).

Personal income tax — Bermuda does not levy any tax on the income of individuals (PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))

Income tax bands / rates — Not applicable — no income tax bands or rates exist for residents or non-residents (PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))

Tax-free threshold — Not applicable — no personal income tax exists (PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))

Capital gains tax (individuals) — None (PwC Worldwide Tax Summaries — Bermuda, Individual income determination (https://taxsummaries.pwc.com/bermuda/individual/other-taxes))

Inheritance / estate / gift tax — None (estate transfers may attract stamp duty on the affidavit of value) (Stamp Duties Act 1976 (https://taxsummaries.pwc.com/bermuda/individual/other-taxes))

Personal income tax return & filing deadline — Not applicable — no personal income tax return is filed by individuals (PwC Worldwide Tax Summaries — Bermuda, Individual tax administration (https://taxsummaries.pwc.com/bermuda/individual/tax-administration))

Employee burden on labour income — The employee portion of payroll tax (progressive, by remuneration band) is the main tax on employment income; it is withheld and remitted by the employer (Payroll Tax Act 1995 (https://www.gov.bm/payroll-tax))

Employee social insurance contribution — Flat weekly contributory pension contribution applies to employees aged 16-64 (see payroll-social) (Contributory Pensions Act 1970 (https://www.gov.bm/department/social-insurance))

Residence test for income tax — Not applicable — residence does not affect a (non-existent) personal income tax liability (PwC Worldwide Tax Summaries — Bermuda, Individual residence (https://taxsummaries.pwc.com/bermuda/individual/residence))