Bermuda
10/10
1st of 217
Bermuda or Cyprus: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Lighter: Bermuda, ahead by 2.5 FiScore points.
Cyprus
7.5/10
34th of 217
| Tax | Bermuda | Cyprus | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 0% | 15% | −15.0 points |
| Personal income tax top bracket | 0% | 0% to 35% | −35.0 points |
| VAT standard rate | 0% | 19% | −19.0 points |
Detailed schedules
Corporate income tax
Bermuda
| Standard companies | 0% |
| Multinational groups revenue over €750 M, since 2025 | 15% |
Cyprus
| General regime since 1 January 2026 | 15% |
| Eligible intellectual property income IP Box regime | 2.5% |
Personal income tax
Bermuda
| No personal income tax | 0% |
Cyprus
n/a
- Bermuda : www.gov.bm
- Bermuda : taxsummaries.pwc.com
- Cyprus : kpmg.com
- Cyprus : ibccs.tax