Bermuda: Domestic Corporate Taxation
This page was last updated on 5 August 2019.
Bermudian employers must pay social insurance contributions for every employee who is over 16 years old and works more than 4 hours per week. Half of the amount paid may be deducted from the employee's pay.
Foreign (non-Bermudian) employees are covered by the tax, retrospectively if necessary, if they work for six months or more in the country.
Employers must provide the Social Insurance Department at the Government Administration Building with a list of their employees and their social insurance numbers; the Department bills employers monthly.
For 2019, the social insurance contributions are BM$71.84 per week, of which the employer and employee must contribute 50% each, that is, BM$35.92.