Bm Income Tax

---
name: bm-income-tax
description: "Source-cited draft: personal income tax for Bermuda (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/bm-income-tax"
  jurisdiction: "BM"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Bermuda Personal Income Tax

## Personal income tax in Bermuda

- **Overview of personal income tax in Bermuda** — Bermuda imposes no personal income tax, no capital gains tax, and no inheritance/estate tax on individuals. There are therefore no income tax bands, no tax-free threshold, and no income tax return or payment deadlines. The closest equivalent burden on labour income is the employee portion of payroll tax (see the payroll-social topic).
- **Personal income tax** — Bermuda does not levy any tax on the income of individuals  _(PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))_
- **Income tax bands / rates** — Not applicable — no income tax bands or rates exist for residents or non-residents  _(PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))_
- **Tax-free threshold** — Not applicable — no personal income tax exists  _(PwC Worldwide Tax Summaries — Bermuda, Individual taxes on personal income (https://taxsummaries.pwc.com/bermuda/individual/taxes-on-personal-income))_
- **Capital gains tax (individuals)** — None  _(PwC Worldwide Tax Summaries — Bermuda, Individual income determination (https://taxsummaries.pwc.com/bermuda/individual/other-taxes))_
- **Inheritance / estate / gift tax** — None (estate transfers may attract stamp duty on the affidavit of value)  _(Stamp Duties Act 1976 (https://taxsummaries.pwc.com/bermuda/individual/other-taxes))_
- **Personal income tax return & filing deadline** — Not applicable — no personal income tax return is filed by individuals  _(PwC Worldwide Tax Summaries — Bermuda, Individual tax administration (https://taxsummaries.pwc.com/bermuda/individual/tax-administration))_
- **Employee burden on labour income** — The employee portion of payroll tax (progressive, by remuneration band) is the main tax on employment income; it is withheld and remitted by the employer  _(Payroll Tax Act 1995 (https://www.gov.bm/payroll-tax))_
- **Employee social insurance contribution** — Flat weekly contributory pension contribution applies to employees aged 16-64 (see payroll-social)  _(Contributory Pensions Act 1970 (https://www.gov.bm/department/social-insurance))_
- **Residence test for income tax** — Not applicable — residence does not affect a (non-existent) personal income tax liability  _(PwC Worldwide Tax Summaries — Bermuda, Individual residence (https://taxsummaries.pwc.com/bermuda/individual/residence))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bm-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bm-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.