There is no VAT system in Bermuda.
Corporate Service 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. An exempted undertaking is defined in the Companies Act 1981 and includes an exempted company, an exempted partnership or a permit company.
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Latest Posts in "Bermuda"
- Elimination of taxes on aggregate imports used to manufacture concrete and concrete blocks
- Extension of customs duty exemption for investments in plant and equipment to the personal care and personal fitness sectors (currently only for restaurants and retailers)
- Payroll, Customs and Indirect Tax Measures in 2023-2024 Budget
- The ‘sugar tax’ in Bermuda: a mixed methods study of general population and key stakeholder perceptions
- Bermuda 5% GST 2017
