Bermuda Parliament Considering Amendments to the Corporate Income Tax Act and Tax Credits Act

The Bermuda Parliament is considering the Corporate Income Tax Amendment Bill 2026 and the Tax Credits Amendment Bill 2026, which were tabled for the first reading on 10 July 2026. The bills are generally in line with draft amendments consulted on earlier by the Corporate Income Tax Agency (previous coverage). The purpose and explanation of each clause of the bills are provided as follows:

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CORPORATE INCOME TAX AMENDMENT BILL 2026

EXPLANATORY MEMORANDUM

This Bill seeks to amend t…