Bermuda government releases draft legislation for adoption of a 15% corporate income tax

22 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Bermuda

The Bermuda government has released draft legislation for its proposed 15% corporate income tax regime as part of a third public consultation.
The corporate income tax is expected to be enacted prior to 31 December 2023 and be effective for tax years beginning on or after 1 January 2025.
The third public consultation is open for comments until 30 November 2023.
The consideration of a Bermuda corporate income tax has significant implications for multinational groups with a presence in Bermuda genera…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.