BM · AmericasET · Africa
Bermuda vs Ethiopia: tax rates compared
Between the two, Ethiopia's income tax rate (35%) tops Bermuda's (0%) by 35pp. The 200-country average is 28%: Bermuda sits below it, Ethiopia sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BM | ET | Difference |
|---|---|---|---|
| Income Tax | 0% | 35% | ET +35 pplargest gap |
| Corporate Tax | 0% | 30% | ET +30 pp |
| VAT | 0% | 15% | ET +15 pp |
| Capital Gains Tax | 0% | 15% | ET +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Taxes on personal income) · as of 2026-02-19 |
| Ethiopia | 35% | Source: PwC Worldwide Tax Summaries — Ethiopia, Individual - Taxes on personal income · as of 2026-07-15 |
| Difference | −35 pp | Ethiopia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Ethiopia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −30 pp | Ethiopia higher |
Between the two, Ethiopia's corporate tax rate (30%) tops Bermuda's (0%) by 30pp. The 201-country average is 22.6%: Bermuda sits below it, Ethiopia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Corporate, Other taxes) · as of 2026-02-19 |
| Ethiopia | 15% | Source: PWC Worldwide Tax Summaries — Ethiopia (Corporate, Other taxes) · as of 2026-07-15 |
| Difference | −15 pp | Ethiopia higher |
Between the two, Ethiopia's VAT rate (15%) tops Bermuda's (0%) by 15pp. The 181-country average is 15%: Bermuda sits below it, Ethiopia matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19 |
| Ethiopia | 15% | Source: PwC Worldwide Tax Summaries — Ethiopia, Corporate - Other taxes · as of 2026-07-15 |
| Difference | −15 pp | Ethiopia higher |
Between the two, Ethiopia's capital gains tax rate (15%) tops Bermuda's (0%) by 15pp. The 175-country average is 10.3%: Bermuda sits below it, Ethiopia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Net wealth/worth tax rates) · as of 2026-02-19 |
| Ethiopia | 0% | Source: PWC Worldwide Tax Summaries — Ethiopia (Individual, Other taxes) · as of 2026-07-15 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Bermuda and Ethiopia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.