Source-cited draft: personal income tax for Bermuda (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Every figure is drawn from this Tax Guide and cited to its source.
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)
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Other Bermuda computations in the OpenAccountants Tax Library.
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)
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 liabilityPwC Worldwide Tax Summaries — Bermuda, Individual residence (https://taxsummaries.pwc.com/bermuda/individual/residence)
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.