What you need to know about Payroll Tax for 1 April 2017
The Payroll Tax Amendment Act 2017 commences on 1 April 2017 and it changes the structure of payroll tax into two SEPARATE portions:
Here you will find information relating to the 2017/2018 Budget.
Budget Press Conference Remarks
To: All Corporate Service Providers – section 92B Companies Act 1981
Land Tax for the period 1 July through 31 December 2016 is due as follows:
The Government of Bermuda is responsible for the integrity, objectivity and fair presentation of the financial statements of the Consolidated Fund.
OECD Common Reporting Standard is in effect from 2016, with 2017 reporting.
OECD Country-by-Country Reporting has been adopted for 2016, with 2017 reporting.
Here you will find information relating to the 2016/2017 Budget.
Taxes and other expenses in Bermuda must be paid to the Account General, who receives payments for all of the following:
Individuals in Bermuda don’t pay personal income tax. Instead, the Government of Bermuda levies a Payroll Tax.
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
Conducted by the Business Division of the Department of Statistics, the Consumer Price Index (CPI) is a statistical tool used for measuring changes in the general level of prices of consumer goods and services purchased by private households.
Regardless of your financial situation, you can benefit from saving money and having additional cash on hand.
How do you start to save your money?
Your first step is to have a goal - something you would like to achieve.
Do you find yourself spending all of your paycheck every month, and still not able to pay all of your bills?
For a lot of people, managing expenses these days is difficult.
If you find yourself struggling to pay your bills and you are looking for assistance in sorting out your finances you should find out as much information as you can to help you get out of debt.
Here are some tips to help you reduce and eliminate your debt.
The Government of Bermuda can provide financial assistance to Bermudians who cannot meet the cost of basic living or expenses.
Assistance may can be provided for:
The Child Day Care Allowance Programme assists parents/guardians with the cost of child day care for children between the ages of birth and four years old.