Bermuda has no income tax, corporation tax, capital gains tax, gift tax, inheritance tax, estate duty or indeed any direct taxes on income, capital gifts or deaths. A stamp duty is levied on the estate of a spouse who has survived his or her partner but this applies on Bermudians only. The government is empowered to give an assurance to "international businesses" that in the event of taxation being imposed in the future on profits or income or on the value of capital assets or gains, then such taxation shall not be applied to international businesses. Such assurances currently extend for a period ending not later than March 20th, 2016.
There is a small land tax levied annually on all real estate owned in Bermuda whether by Bermudians or non-Bermudians on a sliding scale based on the annual rental value.
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