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Bermuda Tables Corporate Income Tax Agency Act 2024

17 July 2024

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Proposed Changes

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Bermuda

The Government of Bermuda has announced the Corporate Income Tax Agency Act 2024, which was tabled in the House of Assembly on 12 July 2024. The Agency will administer Bermuda's new 15% corporate income tax that will generally apply from 1 January 2025 for taxpayers in Bermuda that fall within the scope of the Pillar 2 global minimum tax (GloBE) rules. Click the following link for more information on the Corporate Income Tax, including a Public Communication on the Agency and the legislation, as well as the latest Corporate Income Tax FAQs (v5.0). --- Bermuda Tables Corporate Income Tax Agency...