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Bermuda Holds Third Consultation on Administrative Provisions for New Corporate Income Tax Relating to Timing of Payments, Returns, and Other Matters

24 February 2025

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Approved Changes

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Bermuda

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 the timing of tax payments, returns, and other matters. The deadline for comments is 10 March 2025. Click the following link for further information on the Bermuda Corporate Income Tax. --- Corporate Income Tax Administrative Provisions – Third Consultation Paper...