Corporate Tax Comparison

Bermuda vs Cayman Islands

Compare Bermuda and Cayman Islands corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Bermuda: 5/17/2025 · Cayman Islands: 2/14/2024 · Time of Update — Bermuda: 3/31/2026 · Cayman Islands: 4/05/2026

Base Country/Region

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Compare Corporate Tax

Bermuda

Cayman Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Bermuda: 5/17/2025 · Cayman Islands: 2/14/2024 · Time of Update — Bermuda: 3/31/2026 · Cayman Islands: 4/05/2026

Corporate Income Tax (CIT)

Bermuda

Cayman Islands

General CIT Rate:

15% (if subject to Bermuda CIT) or 0%.

CIT Return Due Date:

If subject to Bermuda CIT, tax returns are proposed to be due by the 15th day of the 10th month following the fiscal year-end.

CIT Return Due Date:

The Cayman Islands has no tax reporting requirements.

CIT Payment Due Date:

Upon filing the CIT return (if applicable), a 'true-up' payment considering previous estimated payments must be made no later than the due date of the return, regardless of when the return is filed.

CIT Estimated Payment Due Date:

Taxes are paid in instalments.

The first instalment is proposed to be due by the 15th day of the 8th month after the beginning of the fiscal year, amounting to 50% of the expected tax liability for the year.

The second instalment is due by the 15th day of the 12th month after the beginning of the fiscal year, bringing the total instalments to 90% of the expected tax liability for the year.

Withholding Tax (WHT)

Bermuda

Cayman Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

Value-Added Tax (VAT)

Bermuda

Cayman Islands

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Bermuda

Cayman Islands

General Capital Gain Tax Rate:

There is no VAT or sales tax in Bermuda.

Effective Tax Rate (ETR)

Bermuda

Cayman Islands

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

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