BM · AmericasIT · Europe
Bermuda vs Italy: tax rates compared
Italy's income tax rate is 47.2pp higher than Bermuda's (47.2% vs 0%). The 200-country average is 28%: Bermuda sits below it, Italy sits above it. Bermuda's figure is dated 2026-02-19 and Italy's 2025-01-01, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BM | IT | Difference |
|---|---|---|---|
| Income Tax | 0% | 47.2% | IT +47.2 pplargest gap |
| Corporate Tax | 0% | 27.8% | IT +27.8 pp |
| VAT | 0% | 22% | IT +22 pp |
| Capital Gains Tax | 0% | 26% | IT +26 pp |
| Crypto Tax | 0% | 33% | IT +33 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 |
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −47.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Italy | 27.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −27.8 pp | Italy higher |
Italy's corporate tax rate is 27.8pp higher than Bermuda's (27.8% vs 0%). The 201-country average is 22.6%: Bermuda sits below it, Italy sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Corporate, Other taxes) · as of 2026-02-19 |
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −22 pp | Italy higher |
Italy's VAT rate is 22pp higher than Bermuda's (22% vs 0%). The 181-country average is 15%: Bermuda sits below it, Italy sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19 |
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Difference | −26 pp | Italy higher |
Italy's capital gains tax rate is 26pp higher than Bermuda's (26% vs 0%). The 175-country average is 10.3%: Bermuda sits below it, Italy sits above it. Bermuda's figure is dated 2026-02-19 and Italy's 2019-01-01, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PwC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19 |
| Italy | 33% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Other taxes) · as of 2026-02-25 |
| Difference | −33 pp | Italy higher |
Italy's crypto tax rate is 33pp higher than Bermuda's (33% vs 0%). The 88-country average is 13%: Bermuda sits below it, Italy 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 |
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Difference | 0 pp | displayed rates match |
Bermuda's wealth tax rate is identical to Italy's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Bermuda's figure is dated 2026-02-19 and Italy's 2024-01-01, so the two rates come from different data vintages.