Bermuda Tax Calculator (2026)

Bermuda Income Tax Brackets (2025)

Contributory Pensions Fund - Employee Contribution

Fixed amount: BMD 1,958 per year

Do I pay income tax on my salary in Bermuda?

No, Bermuda does not impose income tax on individuals, which is one of the key advantages of working there. Your take-home pay will be your gross salary minus only mandatory employee social insurance contributions, making Bermuda an attractive destination for remote workers and expats.

What are the mandatory deductions from my paycheck in Bermuda?

The only mandatory deduction from your salary is the Contributory Pensions Fund employee contribution, which amounts to approximately BMD 1,957.80 annually (or BMD 37.65 per week). This social insurance contribution is not deductible against income tax since Bermuda has no personal income tax.

Are there any income tax brackets or tax credits I should know about?

No, Bermuda has no income tax brackets, deductions, or tax credits for individuals. This flat system means your entire salary is yours to keep, except for the mandatory employee social insurance contribution mentioned above.

As an expat, will I owe Bermuda income tax on my worldwide income?

No, Bermuda does not tax individual income regardless of where it's earned or your residency status. However, you may still be liable for taxes in your home country on your worldwide income, so it's worth consulting with an international tax advisor about your specific situation.

What other taxes might I pay as an employee in Bermuda?

While there is no income tax, Bermuda does have other taxes like customs duties, stamp duty, and VAT that apply to purchases and transactions rather than employment income. As an employee, your main deduction will be the social insurance contribution to the Contributory Pensions Fund.

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