This country-specific Q&A provides an overview to tax laws
and regulations that may occur in Bermuda.
1. Which factors bring an individual within the scope of
tax on income and capital gains?
There is no income tax or capital gains tax in Bermuda.
2. What are the taxes and rates of tax to which an
individual is subject in respect of income and capital gains and,
in relation to those taxes, when does the tax year start and end,
and when must tax returns be submitted and tax paid?
The financial year runs 1 April to 31 March, but for private
clients there are no relevant tax payment dates or deadlines
because there is no income or profits tax, capital gains tax,
capital transfer taxes, withholding tax or inheritance tax in
Bermuda.
