Payroll tax is payable by employee, employers and self-employed persons at progressive rates on total remuneration paid, up to a maximum of $900,000 of remuneration per annum per person.
[1] Customs duties in Bermuda are levied on almost all goods arriving in the island.
Non-Bermudians can buy only top-end properties and at a price far higher than what a Bermudian would pay, and usually cost in millions.
[6] The tax amount is based on an annual rental value (ARV) of the property and has 6 bands or tiers.
In the lowest band which is up to an ARV of $11,000, the land tax is 0.8%.
Where an exempted company manages a unit trust scheme, the fee is $2,905 in respect of each unit trust scheme managed by the company.