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Bermuda vs Belgium Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Bermuda0%Lower
Belgium50%
Corporate Tax
Bermuda15%Lower
Belgium25%
Capital Gains
Bermuda0%
Belgium0%
VAT / Sales Tax
Bermuda0%Lower
Belgium21%
| Category | Bermuda | Belgium |
|---|---|---|
| Tax System | No income tax (CIT being introduced for large MNEs) | Progressive |
| Top Income Tax | 0% | 50% |
| Corporate Tax | 15% | 25% |
| Capital Gains | 0% | 0% |
| VAT / Sales Tax | 0% | 21% |
| Crypto Tax | No | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 1 | 95 |
| Currency | BMD | EUR |
The bottom line: Bermuda vs Belgium
Bermuda has the lower headline rate on 3 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Bermuda runs a no income tax (cit being introduced for large mnes) tax system, while Belgium uses a progressive one. On crypto, Bermuda is the more favourable — it does not tax cryptocurrency gains. Belgium has the wider tax-treaty network (95 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Bermuda is lower (0% vs 50%)
- Corporate tax: Bermuda is lower (15% vs 25%)
- Capital gains tax: identical in both (0%)
- VAT / sales tax: Bermuda is lower (0% vs 21%)