Bermuda
10/10
1st of 217
Bermuda or Montenegro: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Lighter: Bermuda, ahead by 3.1 FiScore points.
Montenegro
6.9/10
56th of 217
| Tax | Bermuda | Montenegro | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 0% | 9% | −9.0 points |
| Personal income tax top bracket | 0% | 0% to 15% | −15.0 points |
| VAT standard rate | 0% | 21% | −21.0 points |
Detailed schedules
Corporate income tax
Bermuda
| Standard companies | 0% |
| Multinational groups revenue over €750 M, since 2025 | 15% |
Montenegro
| Profit up to €100,000 | 9% |
| €100,000 to €1,500,000 €9,000 + 12% over €100,000 | 12% |
| Over €1,500,000 €177,000 + 15% over €1,500,000 | 15% |
Personal income tax
Bermuda
| No personal income tax | 0% |
Montenegro
| Up to EUR 700 a month gross employment income | 0% |
| EUR 700 to 1,000 a month | 9% |
| Over EUR 1,000 a month | 15% |
- Bermuda : www.gov.bm
- Bermuda : taxsummaries.pwc.com
- Montenegro : taxsummaries.pwc.com
- Montenegro : taxsummaries.pwc.com