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Businesses operating in Bermuda are required to pay a variety of different taxes. Set up a tax account and get started with payroll tax, or just learn the basics, including ways to get help with your taxes, how to file online, and the different ways you can pay taxes and fees in Bermuda.

Read through helpful tax guides explaining the most common types of business taxes in Bermuda.

Topic Term Content

  • To:  All Corporate Service Providers – section 92B Companies Act 1981

  • Timesharing Services Tax
  • Find out if you are eligible for a tax concession by reviewing the information provided below.  If you have any questions, please contact the Office of the Tax Commissioner.

  • Every employer and self-employed person who is liable for tax must register with the Office of the Tax Commissioner within seven days of the end of the first tax period in which the employer or self-employed person commences business.

  • Taxes and other expenses in Bermuda must be paid to the Account General, who receives payments for all of the following:

  • Payroll Tax, levied under the Payroll Tax Act 1995 and the Payroll Tax Rates Act 1995, is a tax on all employers, self-employed persons, and deemed employees on the remunera

  • A Hotel Occupancy Tax of 7.25 per cent is charged to all hotel owners in Bermuda in accordance with the Miscellaneous Taxes Act - 1976 and the

  • Businesses in Bermuda must all pay Payroll Tax. Certain businesses pay additional taxes depending on the industry or service.

    Betting Duty

    A Betting Duty of 20 per cent is charged on all bets made in Bermuda.

  • Individuals and businesses must pay a duty to get certain official documents stamped. Stamped documents are admissible for legal transactions and proceedings.  Unstamped documents will not be received in evidence of any proceedings.

  • The Office of the Tax Commissioner administers the following Passenger Taxes:

    Aircraft Passenger Departure Tax

    Cruise Ship Departure Tax

    Passenger Cabin Tax

    Yacht/Pleasure Craft Arrivals Tax

  • All foreign currency purchased by a resident of Bermuda from a local bank is subject to a 1 per cent tax.

    Exemptions from the Foreign Currency Purchase Tax

    Transactions by the following bodies are exempt from paying the Foreign Currency Purchase Tax:

  • Any company or individual providing corporate services to an exempted undertaking in Bermuda is required to pay a 7 per cent corporate services tax on the revenue earned.

  • The Office of the Tax Commissioner may periodically evaluate your tax file.

  • A Betting Duty of 20 per cent is charged on all bets made, received or negotiated by licenced persons. The duty is charged under the authority of the Betting Act - 1975 and the Miscellaneous Taxes Act - 1976.

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