Bermuda Consulting on Amended Corporate Income Tax Regulations and New Tax Credit Regulations

Bermuda's Corporate Income Tax Agency has launched a public consultation on Corporate Income Tax and Tax Credits - Administrative Provisions, which includes proposed amendments to the Corporate Income Tax (Administrative) Regulations 2025, and new regulations governing administrative aspects of the Tax Credits Act 2025. Note that Bermuda's new 15% corporate income tax applies from 1 January 2025 for taxpayers in Bermuda that fall within the scope of the Pillar 2 global minimum tax (GloBE) r…