Bermuda's Corporate Income Tax (Penalty Provisions) Amendment Act 2025 introduced provisions for civil and criminal penalties in regard to non-compliance with corporate income tax requirements. This includes amendments to the Corporate Income Tax Act 2023 (the Act) that added the following:
- General provisions allowing for the charge of interest in respect of tax and tax due, as well as the imposition of civil penalties;
- Specific civil penalty provisions for the following:
- failure to registe…