On 4 September 2025 the Ministry of Finance released a public consultation on tax credits (Tax Credits PC).

The Base Erosion and Profit Shifting (BEPS) Project has been a major project for the OECD which has been working hard for the past couple of years to progress and promote it globally.

As the regulatory demands on offshore companies continue to grow, it can be hard to determine the right jurisdiction for the ownership and registration of vessels.

There were significant legislative and regulatory developments on economic substance in the offshore jurisdictions in the past 2 to 3 years.

On 18 February 2020, the Economic and Financial Affairs Council (ECOFIN) announced that Bermuda and the British Virgin Islands (BVI) had been moved to the ‘whitelist'

The Cayman Islands Government announced last week that negotiations with the United States (US) on a Model I Intergovernmental Agreement (IGA) and a new Tax Information Exchange Agreement (TIEA) have now been concluded.

The Economic Substance Act 2018 (the "Act") requires Bermuda-based entities that are carrying on a "relevant activity" in a relevant financial period and entities claiming "non-resident entity" status...

The target of an intergovernmental request for information under a TIEA may require the Attorney General to produce the terms of the request.

Governments play a pivotal role in shaping the financial landscape by imposing regulations, setting corporate and personal tax rates, and controlling the money supply and interest rates.

In the last Appleby Asia Alert, we looked at amendments to Bermuda's economic substance regime that brought all partnerships, including those which do not elect to have separate legal personality...

In Bermuda, a family homestead represents more than financial value; it embodies ancestral heritage and housing security.

The Economic Substance Act 2018 requires Bermuda-based entities carrying on a "relevant activity" in a relevant financial period and entities claiming "non-resident entity" status under the Act to file an Economic Substance Declaration Form ...

Increasing complexity in cross-border structures, the effects of the recent global financial crisis, increasing fears over diminished tax revenues and multiple financial scandals have impacted various countries around the world.

The Economic Substance Act 2018 requires Bermuda-based entities that are carrying on a "relevant activity" in a relevant financial period and entities claiming "non-resident entity" status under the Act to file an Economic Substance Declaration Form …

Bermuda has seen a steady increase in new captives being formed as well as new structures, risks and geographies being covered.

Stephanie Sanderson, partner at Beesmont Law, breaks down the Common Reporting Standard and explains the impact that the global compliance measure has on captives

Even if no money is paid, stamp duty is payable based on open market value and calculated on a sliding scale of up to seven per cent. If a home's open market value is $1 million...

Following the enactment of Bermuda's Corporate Income Tax Act (the "CIT Act") in December 2023, in July 2024, the Government of Bermuda passed the Corporate Income Tax Agency Act (the "Agency Act")...

Stamp duty in Bermuda is a tax applied to documents, known as "instruments" under the tax. Any instrument signed in, or brought into, Bermuda is potentially liable to stamp duty, unless specifically exempt.

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.