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2020/21 Bermuda Budget Snapshot

2020/21 Bermuda Budget Snapshot

KPMG in Bermuda has released a snapshot of key points from the 2020/21 Bermuda budget speech, delivered by The Hon. Curtis Dickinson JP, MP.


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Mike Morrison

Chief Executive Officer

KPMG in Bermuda


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2020/21 Bermuda Budget Snapshot

Following the release of the 2020/2021 Budget Statement by the Honourable Curtis L. Dickinson, JP, MP, Minister of Finance, in the House of Assembly on February 21, 2019, KPMG’s Budget snapshot provides highlights across Bermuda’s national debt, revenues and expenditures, payroll taxes and other taxes, new incentives, and economic substance. We also provide our firm’s points of view on these components of the budget.

We welcome the opportunity to discuss the Budget and what it means for your business. 

© 2020 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.


The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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