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Update - Bermuda's Corporate Income Tax Penalties

|Approved Changes|Bermuda
Bermuda

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 im…

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