Bermuda's Central International Tax Agency (CITA) has published the Tax Credits (Administrative) Regulations 2026, which were made (issued) on 8 October 2026, to establish the administrative framework for the new tax credits introduced by the Tax Credits Act 2025. These credits were introduced in connection with Bermuda's new 15% corporate income tax, which applies from 1 January 2025 for taxpayers within the scope of the Pillar 2 global minimum tax (GloBE) rules.
The Substance-Based Tax Cr…