Bermuda 5% GST 2017
- 20 February 2016 | Richard Asquith
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.