Bermuda

Northern America · BM · 1 treaties

Tax profile

What makes you a tax resident — and how hard it is to stop being one.

• No personal income tax residency rules; Bermuda does not tax individuals on worldwide income
• Physical presence / ordinary residence only for payroll-tax-related concepts, not an individual income tax residency test

Bermuda’s official guidance does not set out an individual income-tax residency regime because Bermuda does not impose personal income tax. As a result, there is no residence tie to “break” for personal income tax; leaving Bermuda and ceasing local presence is enough from the Bermuda tax perspective.

Source: OECD / Bermuda information on residency for tax purposes

Tax treaty network (1)

In-force double-tax treaty partners. Treaty-reduced withholding (dividends / interest / royalties) shown where the official source publishes a rate; otherwise the country's statutory rate applies unless the treaty text provides a reduction.