Bermuda's Budget for 2015-2016 was presented on 20 February 2015. The main tax related measures include:

• The Corporate Services Tax rates will be increased from 6% to 7%
• The payroll tax rate will be increased from 14.0% to 14.5%, with the maximum percentage payable by employees increased from 5.25% to 5.50%
• Fuel duties will be increased by BMD 0.5 per liter
• Land tax on commercial buildings wil…