The Bermuda government has published updated guidance on Calculating Payroll Tax for the period April 2025 to March 2026. As previously reported, earlier guidance noted that due to a delay in the 2025-2026 Budget Statement, the Payroll Tax rates for April to June 2025 would remain the same as the 2024 rates. The final rates for the 2025-2026 period as provided in the updated guidance are also largely unchanged.
For the employer payroll tax portion, the tax rates are as follows:
- Annual pay…