Bermuda or Liechtenstein: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Bermuda, ahead by 3 FiScore points.

Tax Bermuda Liechtenstein Gap
Corporate income tax headline rate 0% 12.5% −12.5 points
Personal income tax top bracket 0% 1% to 8% −22.4 points
VAT standard rate 0% 8.1% −8.1 points

Detailed schedules

Corporate income tax

Bermuda

Standard companies 0%
Multinational groups revenue over €750 M, since 2025 15%

Liechtenstein

General regime minimum annual tax of CHF 1,800 12.5%
Multinational groups revenue over €750 M, from 2024 15%

Personal income tax

Bermuda

No personal income tax 0%

Liechtenstein

Up to CHF 21,140 single person scale, national rate before the communal surcharge 1%
CHF 21,140 to 42,280 3%
CHF 42,280 to 73,990 4%
CHF 73,990 to 105,700 5%
CHF 105,700 to 137,410 6%
CHF 137,410 to 169,120 6.5%
CHF 169,120 to 211,400 7%
Over CHF 211,400 8%
See the Bermuda page See the Liechtenstein page