Azores
5.4/10
102nd of 217
Azores or Bermuda: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Lighter: Bermuda, ahead by 4.6 FiScore points.
Bermuda
10/10
1st of 217
| Tax | Azores | Bermuda | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 14% | 0% | +14.0 points |
| Personal income tax top bracket | 0% to 36.2% | 0% | +36.2 points |
| VAT standard rate | 16% | 0% | +16.0 points |
Detailed schedules
Corporate income tax
Azores
| General regional regime | 14% |
| SMEs: first 50,000 euros of profit | 11.9% |
Bermuda
| Standard companies | 0% |
| Multinational groups revenue over €750 M, since 2025 | 15% |
Personal income tax
Azores
n/a
Bermuda
| No personal income tax | 0% |
- Azores : www.portugalglobal.pt
- Bermuda : www.gov.bm
- Bermuda : taxsummaries.pwc.com