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Bermuda releases final CIT administrative regulations

|Tax Alerts, Legislation & Policy, Na ...|Bermuda
Bermuda

  • The Bermuda Government, on 12 May 2025, issued Corporate Income Tax (Administrative) Regulations 2025, finalizing draft regulations that were issued in February 2025.
  • The regulations provide guidance on how the enacted Bermuda Corporate Income Tax will be administered, including filing and registration requirements, payments of tax, and the enquiry and dispute processes.
  • The final regulations become effective on 2 June 2025.
  • Multinational groups with Bermuda operations should carefully review final…