vs
Bermuda vs Finland Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Bermuda0%Lower
Finland56.5%
Corporate Tax
Bermuda15%Lower
Finland20%
Capital Gains
Bermuda0%Lower
Finland34%
VAT / Sales Tax
Bermuda0%Lower
Finland25.5%
| Category | Bermuda | Finland |
|---|---|---|
| Tax System | No income tax (CIT being introduced for large MNEs) | Progressive (Dual income) |
| Top Income Tax | 0% | 56.5% |
| Corporate Tax | 15% | 20% |
| Capital Gains | 0% | 34% |
| VAT / Sales Tax | 0% | 25.5% |
| Crypto Tax | No | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 1 | 78 |
| Currency | BMD | EUR |
The bottom line: Bermuda vs Finland
Bermuda has the lower headline rate on 4 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 Finland uses a progressive (dual income) one. On crypto, Bermuda is the more favourable — it does not tax cryptocurrency gains. Finland has the wider tax-treaty network (78 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Bermuda is lower (0% vs 56.5%)
- Corporate tax: Bermuda is lower (15% vs 20%)
- Capital gains tax: Bermuda is lower (0% vs 34%)
- VAT / sales tax: Bermuda is lower (0% vs 25.5%)