VATupdate

Corporate Service Tax – Intro & Act

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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