The Government of Bermuda has announced that it is considering the introduction of a new corporate tax regime to accommodate the OECD's Pillar Two Tax Framework...

There is an exemption from the economic substance requirements for entities that are resident for tax purposes in a jurisdiction outside of Bermuda that is acceptable to the Registrar of Companies...

Mathew Clingerman, Managing Director in Kroll's Restructuring practice, based out of Bermuda, has created a client advisory on Bermuda's Corporate Income Tax Act 2023...

The European Council has removed Bermuda from Annex II of its list of non-cooperative jurisdictions for tax purposes (sometimes referred to as the EU Tax Grey List).

On 13 March 2026, Bermuda's Minister of Finance designated Bermuda's Corporate Income Tax Agency (CITA) as the 'competent authority' under the International Cooperation (Tax Information Exchange Agreements) Act 2005 and the U.S.A.–Bermuda Tax Convention Act 1986.

On 17 February 2025, the Government of Bermuda released its third consultation paper on the Corporate Income Tax Act 2023 (CIT Act)...

The European Court of Justice ("ECJ") has accepted the recommendation from the Advocate General regarding a recent Finnish case ("A Oy") on VAT.

The Government of Bermuda recently announced that it was conducting a series of two consultations regarding the possible introduction of corporate income tax that would apply to Bermuda...

The government of Bermuda announced that it was conducting consultations regarding the possible introduction of corporate income tax.

On 4 September 2025, the Government of Bermuda launched a public consultation on draft legislation proposing the introduction of three new tax credits under the Corporate Income Tax regime.

On 31 March 2026, the Economic Substance Amendment Act 2026 and the Economic Substance Amendment Regulations 2026 (together, the "2026 Amendments") came into force...

The European Union confirmed on Friday 17 May 2019 that Bermuda has been removed from its list of non-cooperative tax jurisdictions. Bermuda is now listed as a cooperative tax jurisdiction and accordingly does not appear on the EU's

In recent years, the cruise ship market has witnessed a significant shift in corporate strategy, with major cruise companies increasing their presence in Bermuda through the redomiciliation of corporate entities. Industry giant Norwegian Cruise Line strategically moved its group companies from jurisdictions including the Marshall Islands and Delaware to Bermuda in 2022, joining Viking and Virgin Voyages who were already domiciled in Bermuda.

The Draft Bill includes a proposed a statutory income tax rate of 15% and includes a robust package of Qualified Refundable Tax Credits (QRTCs) to maintain Bermuda's attractiveness.