Bermuda Updates Payroll Tax Guidance for 2025-2026 Including Exemption for Redundancy Payments

The Bermuda government has published updated guidance on Calculating Payroll Tax for the period April 2025 to March 2026. As previously reported, earlier guidance noted that due to a delay in the 2025-2026 Budget Statement, the Payroll Tax rates for April to June 2025 would remain the same as the 2024 rates. The final rates for the 2025-2026 period as provided in the updated guidance are also …
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