Payroll Tax Rates Amendment Act 2011
FA E R
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AT F
TQUO U

BERMUDA

PAYROLL TAX RATES AMENDMENT ACT 2011

2011 : 8

WHEREAS it is expedient to amend the Payroll Tax Rates 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
This Act, which amends the Payroll Tax Rates Act 1995 (“the principal Act”), may

be cited as the Payroll Tax Rates Amendment Act 2011.

Amends section 3
In section 3 of the principal Act, in subsections (1) and (2), delete “16%” and

substitute “14%”.

Amends section 4
In section 4 of the principal Act—

in subsection (1), delete “9.75%” and substitute “7.75%”; and

in subsection (2), delete “9.25%” and substitute “7.25%”.

Amends section 5
In section 5 of the principal Act—

in Class A, delete “11.75%” and substitute “9.75%”;

in Class B, delete “9.25%” and substitute “7.25%”;

in Class BB—

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(a)

(b)

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(a)

(b)

(c)

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PAYROLL TAX RATES AMENDMENT ACT 2011

delete “12.75%” and substitute “10.75%”; and

delete “14.75%” and substitute “12.75%”; and

in Class C, delete “5.75%” and substitute “5.25%”.

Amends section 7
In section 7 of the principal Act, delete “5.75%” and substitute “5.25%”.

Commencement
This Act comes into operation on 1 April 2011.

[Assent Date: 24 March 2011]

[Operative Date: 01 April 2011]

(i)

(ii)

(d)

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