Bermuda: 2025-2026 budget proposes range of tax relief measures
Including duty cuts on construction materials and supplies, motor vehicle spare parts, and fuel
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