What are the resident Withholding Tax (WHT) rates in Bermuda and Belize?

For Bermuda: 0. For Belize: 15/NA/NA.

What are the non-resident Withholding Tax (WHT) rates in Bermuda and Belize?

For Bermuda: 0. For Belize: 15/15/0.

What are the general VAT rates in Bermuda and Belize?

For Bermuda: 0. For Belize: 12.5%.

What are the Capital Gain Tax (CGT) rates in Bermuda and Belize?

For Bermuda: There is no VAT or sales tax in Bermuda.. For Belize: N/A.

What are the Composite Effective Average Tax Rates in Bermuda and Belize?

For Bermuda: 0. For Belize: 25%.

What are the Composite Effective Marginal Tax Rates in Bermuda and Belize?

For Bermuda: 0. For Belize: 25%.

Corporate Tax Comparison

Bermuda vs Belize

Q: What are the general Corporate Income Tax (CIT) rates in Bermuda and Belize?

For Bermuda: [color=rgb(70, 70, 70)]15% (if subject to Bermuda CIT) or 0%.[/color]. For Belize: Companies in the oil industry: Subject to 25% income tax. Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as: Other trading or businesses: 1.75% Real estate income (rent, royalties, premiums, etc.): 3% Professional / occupational income: 6% Income from commissions, royalties, dividends, etc.: 15% Financial institutions: 15%.

Q: When are the Corporate Income Tax (CIT) returns due in Bermuda and Belize?

For Bermuda: If subject to Bermuda CIT, tax returns are proposed to be due by the 15th day of the 10th month following the fiscal year-end.. For Belize: Annual tax returns must be filed by March 31 of the subsequent tax year..

Q: When are the Corporate Income Tax (CIT) payments due in Bermuda and Belize?

For Bermuda: Upon filing the CIT return (if applicable), a 'true-up' payment considering previous estimated payments must be made no later than the due date of the return, regardless of when the return is filed.. For Belize: Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month..

Q: When are the Corporate Income Tax (CIT) estimated payments due in Bermuda and Belize?

For Bermuda: Taxes are paid in instalments. The first instalment is proposed to be due by the 15th day of the 8th month after the beginning of the fiscal year, amounting to 50% of the expected tax liability for the year. The second instalment is due by the 15th day of the 12th month after the beginning of the fiscal year, bringing the total instalments to 90% of the expected tax liability for the year.. For Belize: Estimated tax payments follow the same monthly schedule as business tax payments..

Compare Bermuda and Belize corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Bermuda: 3/24/2026 · Belize: 4/01/2026

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Compare Corporate Tax

Bermuda

Belize

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Bermuda: 3/24/2026 · Belize: 4/01/2026

Corporate Income Tax (CIT)

Bermuda

Belize

General CIT Rate:

15% (if subject to Bermuda CIT) or 0%.

General CIT Rate:

Companies in the oil industry: Subject to 25% income tax.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

CIT Return Due Date:

If subject to Bermuda CIT, tax returns are proposed to be due by the 15th day of the 10th month following the fiscal year-end.

CIT Return Due Date:

Annual tax returns must be filed by March 31 of the subsequent tax year.

CIT Payment Due Date:

Upon filing the CIT return (if applicable), a 'true-up' payment considering previous estimated payments must be made no later than the due date of the return, regardless of when the return is filed.

CIT Payment Due Date:

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

CIT Estimated Payment Due Date:

Taxes are paid in instalments.

The first instalment is proposed to be due by the 15th day of the 8th month after the beginning of the fiscal year, amounting to 50% of the expected tax liability for the year.

The second instalment is due by the 15th day of the 12th month after the beginning of the fiscal year, bringing the total instalments to 90% of the expected tax liability for the year.

CIT Estimated Payment Due Date:

Estimated tax payments follow the same monthly schedule as business tax payments.

Withholding Tax (WHT)

Bermuda

Belize

Resident Withholding Tax (Dividend/Interest/Royalty):

15/NA/NA

None-Resident Withholding Tax (Dividend/Interest/Royalty):

15/15/0

Value-Added Tax (VAT)

Bermuda

Belize

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

12.5%

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Bermuda

Belize

General Capital Gain Tax Rate:

There is no VAT or sales tax in Bermuda.

General Capital Gain Tax Rate:

N/A

Effective Tax Rate (ETR)

Bermuda

Belize

Composite Effective Average Tax Rate:

25%

Composite Effective Marginal Tax Rate:

25%

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Bermuda vs Belize

Corporate Income Tax (CIT)

Withholding Tax (WHT)

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Effective Tax Rate (ETR)

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