Corporate Income Tax Amendment Act 2026

Bermuda's House of Assembly has tabled the Corporate Income Tax Amendment Act 2026 (the 'Amendment Bill'), which amends the Corporate Income Tax Act 2023 (the 'CIT Act') to provide various updates that enhance Bermuda's corporate income tax regime and better facilitate the filing of tax returns. 

The Amendment Bill makes a consequential amendment to the Corporate Income Tax Agency Act 2024 (the 'Agency Act'). The Government has explained that the purpose of the changes is to clarify and refine the CIT Act's existing provisions so that the Corporate Income Tax Agency (the 'Agency') has the necessary administrative and operational mechanisms to effectively oversee and administer the regime.