Bermuda releases first public consultation for CIT technical amendments
|Tax Alerts, National/Federal Taxation, G ...|Bermuda
On 29 May 2025, the Bermuda Government initiated a public consultation on proposed technical amendments to the Corporate Income Tax Act, inviting stakeholder feedback until 19 June 2025, to clarify provisions and better align certain provisions with the Global Anti Base Erosion Rules.
Key changes address the treatment of unit-linked insurance, intra-year taxable loss offsets and entities that are taxpayers for only part of a fiscal year, in addition to simplifying the reporting and taxability of …
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