Bermuda Crypto Tax Guide
Complete guide to cryptocurrency taxation in Bermuda. Updated for 2026 with the latest Office of the Tax Commissioner requirements.
Bermuda Crypto Tax Rules
How cryptocurrency is taxed by the Office of the Tax Commissioner
No income tax on cryptocurrency gains for individuals
No capital gains tax on crypto disposals
Bermuda is a tax-free jurisdiction for personal income
Digital Asset Business Act regulates crypto businesses
Payroll tax applies to employment income only
Crypto businesses may need licensing from BMA
Why Use Crypto Tax Software
How the Best Platforms Help Bermuda Investors
Tailored features that make Bermuda crypto tax reporting effortless
Office of the Tax Commissioner-Ready Reports
Generate tax reports that comply with Bermuda's specific requirements. No manual calculations or guesswork needed.
Automatic Transaction Import
Connect your wallets and exchanges once. The platform imports and categorizes all your BMD trades automatically.
Audit-Proof Records
Maintain detailed transaction history and reports that satisfy Office of the Tax Commissioner requirements in case of any inquiries.
Tax Optimization Tools
Identify tax-loss harvesting opportunities and choose accounting methods that legally minimize your Bermuda tax burden.
Compare Crypto Tax Platforms for Bermuda
Find the best software for your Bermuda crypto tax needs
| Platform | Rating | DeFi/Perps | Lending | Enterprise | Wallets | Time | Price | Action |
|---|---|---|---|---|---|---|---|---|
| Awaken Tax Recommended | ✓ | ✓ | ✓ | Unlimited | <1 hr | From $69 | Try Free | |
| Koinly | ✓ | ✓ | ✕ | Unlimited | 1-2 hrs | From $49 | Visit Site | |
| CoinTracker | ~ | ✓ | ✓ | Unlimited | 1-2 hrs | From $59 | Visit Site | |
| CoinLedger | ~ | ✓ | ✕ | Unlimited | 1-2 hrs | From $49 | Visit Site | |
| TokenTax | ✓ | ✓ | ✓ | Unlimited | 2-3 hrs | From $65 | Visit Site | |
| BlockPit | ~ | ✓ | ✓ | Unlimited | 1-2 hrs | From €49 | Visit Site |
Important Tax Deadlines
Key dates for Bermuda crypto tax filing
Required Forms
What to Look for in Bermuda Crypto Tax Software
Key features that make crypto tax reporting easier for Bermuda investors
Complete portfolio tracking and analytics
Transaction history for regulatory compliance
Support for major international exchanges
Multi-currency reporting for global activities
Calculate your taxes with our free tools
Our Top Recommendation
Why Awaken Tax for Bermuda Investors
The features that make Awaken stand out for Bermuda crypto tax reporting
Portfolio Tracking
Track your portfolio balance in real-time with automatic coin detection across all connected wallets and exchanges.
AI Transaction Tagging
Smart AI automatically categorizes your transactions. No more manual labeling of airdrops, swaps, or rewards.
Real Human Support
Actual crypto tax experts who understand your complex on-chain activity, not chatbots.
Office of the Tax Commissioner Compliant
Generate reports that meet Bermuda's specific tax requirements with complete confidence.
Ready to file your Bermuda crypto taxes?
We've done the research so you don't have to. Compare platforms and find the best fit for your Bermuda tax reporting needs.
Track Your TaxesFrequently Asked Questions
Common questions about crypto taxes in Bermuda
Do I have to pay taxes on crypto in Bermuda?
Yes, cryptocurrency is generally taxable in Bermuda. The Office of the Tax Commissioner considers crypto transactions as taxable events, including selling, trading, and in some cases, receiving crypto as income from mining or staking.
What is the crypto tax rate in Bermuda?
Tax rates vary based on your income level and how long you held the crypto. No income tax on cryptocurrency gains for individuals Check the tax rules section above for specific rates.
When is the crypto tax deadline in Bermuda?
The main tax filing deadline in Bermuda is N/A - No individual income tax filing required.
What is the best crypto tax software for Bermuda?
Awaken Tax offers full support for Bermuda crypto tax reporting, with automatic calculations and Office of the Tax Commissioner-compliant reports. Start free with up to 100 transactions.
Is crypto-to-crypto trading taxable in Bermuda?
In most cases, yes. Trading one cryptocurrency for another is typically considered a taxable event in Bermuda. Each trade may trigger a capital gain or loss that needs to be reported to the Office of the Tax Commissioner.