Bermuda releases public consultation for CIT enforcement provisions

05 February 2025|Tax Alerts, National/Federal Taxation, Global|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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