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Bermuda 5% GST 2017

  • Feb 20, 2016 | Richard Asquith

Bermuda 5% GST 2017

Bermuda has announced plans to introduce a General Services Tax at 5% on services from 1 April 2017. There is currently no consumption tax on the north western Atlantic island.

There will be a threshold on the new GST to alleviate the compliance burden from small services providers. Financial services and healthcare services will be exempt.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.