Bermuda: 2025-2026 budget proposes range of tax relief measures

Including duty cuts on construction materials and supplies, motor vehicle spare parts, and fuel

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May 13, 2025

The 2025-2026 budget—presented May 2, 2025—proposes a range of tax relief measures, including:

  • Duty cuts on construction materials and supplies, motor vehicle spare parts, and fuel
  • Reduction in taxes on mobile phones, land tax base rates, and licensing fees for private cars

Read a May 2025 report prepared by the KPMG member firm in Bermuda

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