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ARTICLE · 27 APRIL 2026

Economic Substance Regime Now Falls Under Cita

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Bermuda's Economic Substance Amendment Act 2026 transfers regulatory oversight from the Registrar of Companies to the Bermuda Tax Authority (Cita), consolidating tax regulation under specialized expertise.

BermudaTax
Skye Burrows
Skye Burrows
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The Economic Substance Amendment Act 2026 and the Economic Substance Amendment Regulations 2026 were enacted on March 31.

Together, they clarify and strengthen the existing regulatory framework established under the Economic Substance Act 2018.

Previously overseen by the RoC, oversight and enforcement of the Act now rests with Cita, which makes perfect sense as economic substance is an international tax-driven regulatory measure.

Cita is Bermuda’s specialised tax regulator, and consolidating economic substance regulation under one roof with Bermuda’s other tax regulatory regimes will ensure that the island’s economic substance regime is administered by a regulatory team with a focus and expertise on international tax.

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