Bermuda Corporate Income Tax
Detailed corporate income tax rates and rules for Bermuda in 2026.
Bermuda enacted the Corporate Income Tax Act 2023, introducing a 15% corporate income tax effective for fiscal years beginning on or after January 1, 2025. This applies to Bermuda-based entities that are members of multinational enterprise (MNE) groups with annual revenue of EUR 750 million or more, aligning with the OECD Pillar Two Global Minimum Tax. Smaller companies remain exempt from corporate income tax. The tax includes a qualified domestic minimum top-up tax (QDMTT) and an economic transition adjustment for existing Bermuda entities.
Standard Rate
15%
How Bermuda Corporate Tax compares
Bermuda’s corporate tax rate of 15% is the 162nd highest of 203 countries TaxAtlas tracks, below the global average of 22.2% and North America’s regional average of 22.3%.
