Bermuda Holds Third Consultation on Administrative Provisions for New Corporate Income Tax Relating to Timing of Payments, Returns, and Other Matters
The Government of Bermuda has announced the issuance of the Third Public Consultation on Corporate Income Tax Administration for Bermuda's new 15% corporate income tax that generally applies from 1 January 2025 for taxpayers in Bermuda that fall within the scope of the Pillar 2 global minimum tax (GloBE) rules. The third consultation addresses the broader administrative provisions relating to…
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