Alerts

  • The Ministry of Public Works is advising that effective August 6, 2018, Blackwatch Pass will be closed to traffic so that construction works can be conducted. The closure will be for an extended period of time. While Blackwatch Pass is closed the public is encouraged to seek alternative routes to avoid delays.

Alerts

  • The Ministry of Transport and Regulatory Affairs is advising that beginning Friday, August 10 the Central Bus Terminal ticket kiosk in Hamilton will operate on an amended schedule. Read more

Taxes for persons operating businesses in Bermuda

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

Betting Duty

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

Corporate Services Tax

Any company or individual providing corporate services to an exempted company in Bermuda is required to pay a Corporate Services Tax.

Foreign Currency Purchase Tax

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

Hotel Occupancy Tax

Hotel Occupancy Tax of 7.25 per cent is charged to all hotel owners in Bermuda.

Land Tax

The commercial rate of Land Tax is calculated at a flat rate of 7% a year based on the assessed Annual Rental Value in the Land Valuation List.

Passenger Taxes

Passenger Taxes are charged to all passengers departing or arriving from or to Bermuda on aircraft, ships, or private vessels.

Payroll Tax

All companies and self-employed persons are required to pay Payroll Taxes in Bermuda.

Stamp Duty Tax

Any business or individual must pay a duty to get certain official documents stamped.

Timesharing Taxes

Persons operating timeshare properties are subject to Timesharing Services Tax and Timesharing Occupancy Tax.

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