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Switzerland vs Bermuda Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Switzerland40%
Bermuda0%Lower
Corporate Tax
Switzerland18%
Bermuda15%Lower
Capital Gains
Switzerland0%
Bermuda0%
VAT / Sales Tax
Switzerland8.1%
Bermuda0%Lower
| Category | Switzerland | Bermuda |
|---|---|---|
| Tax System | Progressive (three-tier: federal, cantonal, municipal) | No income tax (CIT being introduced for large MNEs) |
| Top Income Tax | 40% | 0% |
| Corporate Tax | 18% | 15% |
| Capital Gains | 0% | 0% |
| VAT / Sales Tax | 8.1% | 0% |
| Crypto Tax | No | No |
| Wealth Tax | Yes | No |
| Tax Treaties | 100 | 1 |
| Currency | CHF | BMD |
The bottom line: Switzerland vs Bermuda
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. Switzerland runs a progressive (three-tier: federal, cantonal, municipal) tax system, while Bermuda uses a no income tax (cit being introduced for large mnes) one. Switzerland has the wider tax-treaty network (100 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Bermuda is lower (40% vs 0%)
- Corporate tax: Bermuda is lower (18% vs 15%)
- Capital gains tax: identical in both (0%)
- VAT / sales tax: Bermuda is lower (8.1% vs 0%)