Bermuda
10/10
1st of 217
Bermuda or Malta: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Lighter: Bermuda, ahead by 1.6 FiScore point.
Malta
8.4/10
23rd of 217
| Tax | Bermuda | Malta | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 0% | 35% | −35.0 points |
| Personal income tax top bracket | 0% | 0% to 35% | −35.0 points |
| VAT standard rate | 0% | 18% | −18.0 points |
Detailed schedules
Corporate income tax
Bermuda
| Standard companies | 0% |
| Multinational groups revenue over €750 M, since 2025 | 15% |
Malta
| Corporate income tax before the shareholder refund | 35% |
| After the six-sevenths refund usual case for trading income | 5% |
| FITWI election final tax, no imputation or refund, since 2025 | 15% |
Personal income tax
Bermuda
| No personal income tax | 0% |
Malta
| Up to EUR 12,000 single person scale | 0% |
| EUR 12,000 to 16,000 | 15% |
| EUR 16,000 to 60,000 | 25% |
| Above EUR 60,000 | 35% |
- Bermuda : www.gov.bm
- Bermuda : taxsummaries.pwc.com
- Malta : taxsummaries.pwc.com
- Malta : taxsummaries.pwc.com