Executive Summary
On 7 August 2024, the Government of Bermuda began a first public consultation (First Public Consultation) concerning corporate income tax administrative provisions. The four-week First Public Consultation period runs from 7 August to 5 September 2024.
In December 2023, the Bermuda Parliament passed legislation enacting a 15% corporate income tax (CIT) regime that will become effective for tax years beginning on or after 1 January 2025. The CIT will apply to Bermuda Constituent En…