Bermuda Tax Tables 2022 - Tax Rates and Thresholds in Bermuda
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This page contains the tax table information used for the calculation of tax and payroll deductions in Bermuda in 2022. These tax tables are used for the tax and payroll calculators published on iCalculator™ BM, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Bermuda or would like to add to or suggest amendments to the information herein then please contact us.
2022 Tax Tables [Quick Links]
Related Calculators
Bermuda Personal Income Tax Tables in 2022
The Income tax rates and personal allowances in Bermuda are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Bermuda Tax Calculator 2022.
Bermuda Residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Bermuda Non-residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Flat rate on all taxable income |
Bermuda Social Security and Payroll Deduction Rates in 2022
Bermuda Social Security in 2022: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Payroll Tax | 0% | 1% | 1% |
| Payroll Tax | 0% | 2.5% | 2.5% |
| Payroll Tax | 0% | 5.25% | 5.25% |
| Payroll Tax | 0% | 7.5% | 7.5% |
| Payroll Tax | 0% | 10% | 10% |
| National Pension Scheme (NPS) | 100% | 100% | 200% |
Bermuda Social Security and Payroll Deduction in 2022: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Payroll Tax | n/a | n/a | n/a | $ 200,000.00 |
| Payroll Tax | n/a | n/a | $ 200,000.00 | $ 350,000.00 |
| Payroll Tax | n/a | n/a | $ 350,000.00 | $ 500,000.00 |
| Payroll Tax | n/a | n/a | $ 500,000.00 | $ 1,000,000.00 |
| Payroll Tax | n/a | n/a | $ 1,000,000.00 | n/a |
| National Pension Scheme (NPS) | n/a | $ 1,867.84 | n/a | $ 1,867.84 |
Historic Tax Tables supported for Bermuda
The following tax tables are supported by iCalculator™ BM as part of the suite of free tax tools we provide for Bermuda.