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Bermuda's consideration of adopting a corporate income tax has significant implications for insurance industry

|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Bermuda
Bermuda
  • A new series of consultations has opened on proposals to introduce a corporate income tax for certain Bermuda businesses of multinational enterprises.
  • Enacting a corporate income tax in Bermuda would have significant implications for multinational insurance groups with a Bermuda presence.
  • The first consultation is open for comments until 8 September 2023.

Executive summary

On 8 August 2023, the Government of Bermuda announced that it has opened a series of consultations on proposals to introduce a c…

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