{"id":11514,"date":"2022-08-02T19:27:26","date_gmt":"2022-08-02T23:27:26","guid":{"rendered":"https:\/\/trendingsimple.com\/much-tax-deducted-work-bermuda-us-citizen\/"},"modified":"2022-08-02T19:27:26","modified_gmt":"2022-08-02T23:27:26","slug":"much-tax-deducted-work-bermuda-us-citizen","status":"publish","type":"post","link":"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/","title":{"rendered":"How much tax is deducted if you work in bermuda as a us citizen"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 ez-toc-wrap-center counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/#bermuda-has-no-income-tax-no-capital-gains-tax-no-investment-or-dividends-tax-and-no-vat-instead-of-an-income-tax-bermuda-levies-a-payroll-tax-on-employers-of-up-to-145-of-employees-salaries-up-to-85-of-which-can-be-recouped-from-employees\" title=\"Bermuda has no income tax, no capital gains tax, no investment or dividends tax, and no VAT. Instead of an income tax, Bermuda levies a payroll tax on employers of up to 14.5&#037; of employees salaries, up to 8.5&#037; of which can be recouped from employees.\">Bermuda has no income tax, no capital gains tax, no investment or dividends tax, and no VAT. Instead of an income tax, Bermuda levies a payroll tax on employers of up to 14.5&#37; of employees salaries, up to 8.5&#37; of which can be recouped from employees.<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/#is-working-in-bermuda-tax-free\" title=\"Is working in Bermuda tax free?\">Is working in Bermuda tax free?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/#how-much-tax-do-you-pay-in-bermuda\" title=\"How much tax do you pay in Bermuda?\">How much tax do you pay in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/#do-us-citizens-pay-taxes-when-working-abroad\" title=\"Do US citizens pay taxes when working abroad?\">Do US citizens pay taxes when working abroad?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/#do-dual-citizens-pay-double-taxes\" title=\"Do dual citizens pay double taxes?\">Do dual citizens pay double taxes?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/#how-can-i-avoid-paying-us-taxes-abroad\" title=\"How can I avoid paying U.S. taxes abroad?\">How can I avoid paying U.S. taxes abroad?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"bermuda-has-no-income-tax-no-capital-gains-tax-no-investment-or-dividends-tax-and-no-vat-instead-of-an-income-tax-bermuda-levies-a-payroll-tax-on-employers-of-up-to-145-of-employees-salaries-up-to-85-of-which-can-be-recouped-from-employees\"><\/span>Bermuda has no income tax, no capital gains tax, no investment or dividends tax, and no VAT. Instead of an income tax, Bermuda levies a payroll tax on employers of up to 14.5&#37; of employees salaries, up to 8.5&#37; of which can be recouped from employees.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"is-working-in-bermuda-tax-free\"><\/span>Is working in Bermuda tax free?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the exception of the Payroll Tax (summarized below), there is no income tax, capital gains tax, or withholding tax in Bermuda. Tax revenue is derived primarily from the payroll tax, customs\/import duties, real property tax, corporate services tax, and fuel taxes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-tax-do-you-pay-in-bermuda\"><\/span>How much tax do you pay in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Effective 1 July 2019, the progressive scale of tax rates ranges between 0.80&#37; and 50.00&#37; based on the ARV of the unit. The land tax on commercial properties is 9.5&#37;, which is effective with respect to commercial properties from 1 July 2019. For tourist properties, the tax rate is 8&#37;.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-us-citizens-pay-taxes-when-working-abroad\"><\/span>Do US citizens pay taxes when working abroad?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, if you are a U<br \/> citizen or a resident alien living outside the United States, your worldwide income is subject to U<br \/> income tax, regardless of where you live.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-dual-citizens-pay-double-taxes\"><\/span>Do dual citizens pay double taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For individuals who are dual citizens of the U<br \/> and another country, the U<br \/> imposes taxes on its citizens for income earned anywhere in the world. If you are living in your country of dual residence that is not the U<br \/>, you may owe taxes both to the U<br \/> government and to the country where the income was earned.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-can-i-avoid-paying-us-taxes-abroad\"><\/span>How can I avoid paying U.S. taxes abroad?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>How Can I Avoid Paying US Taxes Abroad? Based on the current US tax laws, the only way to avoid filing a US tax return and paying US taxes abroad is to renounce US citizenship. Renouncing your US citizenship is a serious and permanent decision that should not be taken lightly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bermuda has no income tax, no capital gains tax, no investment or dividends tax, and no VAT. Instead of an income tax, Bermuda levies a payroll tax on employers of up to 14.5&#37; of employees salaries, up to 8.5&#37; of which can be recouped from employees. Is working in Bermuda tax free? With the exception [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How much tax is deducted if you work in bermuda as a us citizen - Trending Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trendingsimple.com\/bermuda\/much-tax-deducted-work-bermuda-us-citizen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much tax is deducted if you work in bermuda as a us citizen - Trending Simple\" \/>\n<meta property=\"og:description\" content=\"Bermuda has no income tax, no capital gains tax, no investment or dividends tax, and no VAT. 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