Orbitax
Bermuda's Parliament has published the draft Land Tax Amendment Act 2023. The legislation provides for an increase in the top two land tax bracket rates as proposed in the Budget Statement for 2023/2024. This includes an increase in the 30% rate to 35% and an increase in the 50% rate to 55%. Subject to approval, the increase will apply from 1 July 2023.
Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.
Free trial available. Cancel anytime. Free Orbitax account required.
Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.