Taxation in Bermuda

Bermuda is considered a tax haven; however, Bermuda does levy a number of taxes, such as a payroll tax on employers and land taxes. The corporate tax rate is 15% for multinational companies with revenues greater than $750 million, and a company is considered a tax resident of Bermuda if it is incorporated in the country. Bermuda has not entered into any double tax agreements.

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.