Bermuda has published the Payroll Tax Amendment and Validation Act 2022 in the Official Gazette. As previously reported, the measures of the Act include:

• The adjustment of the rates of the employee portion of payroll tax for the following brackets (bands):
  • up to BMD 48,000 - rate reduced from 2.0% to 1.5%
  • BMD 48,001 up to 96,000 - rate increased from 8.5% to 9.0%
• An extension of the new hir…