Editing Payroll tax (section)

===Bermuda===

In [[Bermuda]], payroll tax accounts for over a third of the annual national budget, making it the primary source of government revenue.<ref>{{cite web|url=http://www.gov.bm/portal/server.pt/gateway/PTARGS_0_2_11057_311_1794_43/http%3B/ptpublisher.gov.bm%3B7087/publishedcontent/publish/gov__top_level__org__house_/whats_happening/national_budget_statement_2009.pdf|title=Bermuda Government Budget Statement 2009|website=www.gov.bm|access-date=31 March 2018|archive-date=19 February 2012|archive-url=https://web.archive.org/web/20120219050613/http://www.gov.bm/portal/server.pt/gateway/PTARGS_0_2_11057_311_1794_43/http%3B/ptpublisher.gov.bm%3B7087/publishedcontent/publish/gov__top_level__org__house_/whats_happening/national_budget_statement_2009.pdf|url-status=dead}}</ref>  The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%).<ref>{{cite web|url=http://www.taxbermuda.gov.bm/guide_payroll.htm|title=Types of taxes in Bermuda|last=david.wellman|date=2 March 2016|website=www.taxbermuda.gov.bm|access-date=31 March 2018}}</ref>  Another tax, [[social insurance]], is withheld by the employer.