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Bermuda releases public consultation for CIT enforcement provisions

|Tax Alerts, National/Federal Taxation, G ...|Bermuda
Bermuda

  • The Bermuda Government has opened a Second Public Consultation period with a focus on the proposed Corporate Income Tax (Penalties) Act.
  • The consultation provides illustrative draft legislation and insight into how the recently enacted Bermuda Corporate Income Tax will be enforced, including a wide range of proposed civil and criminal penalties.
 

Executive summary

On 31 January 2025, the Government of Bermuda began a second public consultation (Second Public Consultation) concerning corporate …

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