OrbitaxBermuda Senate Passes Changes in Financial Services Tax, Foreign Currency Purchase Tax, and Stamp Duty on Leases
|Approved Changes|Bermuda
According to an update from the Bermuda Senate (upper house of parliament), the Senate passed the Financial Services Tax Amendment Act 2019 in the second and third reading on 18 March 2019. This completes the parliamentary processing following the legislations passage in the House of Assembly (lower house) on 11 March. The legislation amends the Financial Services Tax Act 2017 to:
- Increase th…
