Payroll Tax Amendment Act 2001
PAYROLL TAX AMENDMENT ACT 2001

1

BERMUDA
2001 : 7

PAYROLL TAX AMENDMENT ACT 2001

[Date of Assent 19 March 2001]

[Operative Date 1 April 2001]

WHEREAS it is expedient to amend the Payroll Tax Act 1995:

Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:

Citation and commencement
1 This Act which amends the Payroll Tax Act 1995 may be cited as
the Payroll Tax Amendment Act 2001 and shall come into operation on 1
April 2001.

Amends section 3 of Payroll Tax Act 1995
2 Section 3 of the Payroll Tax Act 1995 is amended by inserting
next after subsection (2) the following—

"(3) Where

(a) the remuneration paid by an employer to an employee;
or

(b) the deemed remuneration paid by an employer to a
deemed employee; or

PAYROLL TAX AMENDMENT ACT 2001

2

(c) the deemed remuneration paid by a self-employed
person to himself,

exceeds $225,000 per annum, then, whether or not such
remuneration or deemed remuneration, as the case may be, is
paid in respect of one or more tax periods, the amount by which
such remuneration or deemed remuneration exceeds $225,000
shall, for the purpose of subsection (1), be disregarded.".

Repeals section 15 of Payroll Tax Act 1995
3 Section 15 of the Payroll Tax Act 1995 is repealed.