Bermuda Consults on Proposed Tax Credits in Tax Reform Commission Report

Bermuda's Ministry of Finance has launched a public consultation on three new tax credits, including a Substance-Based Tax Credit (for regulated insurers), a Community Development Tax Credit, and a Utilities Infrastructure Tax Credit. The proposed credits are based on the recommendations in the recently released Tax Reform Commission Report.

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Consultation on Tax Credits

Today, the Minister of Finance released a consultation paper seeking public feedback on proposed Tax Credit legisla…