ArticleBermuda Economic Substance Regulatory Update: Changes To Non-Resident Entity RequirementsThere 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...BermudaTaxAppleby
ArticleBermuda Multinational Enterprises Grapple With New Corporate Income Tax RegimeMathew 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...BermudaTaxKroll
ArticleBermuda's CITA Issues Notices To Undertake Independent CRS Compliance ReviewsOn 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.BermudaTaxWalkers
ArticleBermuda's Third Consultation On Corporate Income Tax AdministrationOn 17 February 2025, the Government of Bermuda released its third consultation paper on the Corporate Income Tax Act 2023 (CIT Act)...BermudaTaxHarneys
ArticleBermuda Signs FATCA Model 2 IGA With The UKBermuda’s Minister of Finance this week, in a move welcomed by Bermuda’s financial institutions, signed the UK Foreign Account Tax Compliance Act Intergovernmental Model 2 Agreement with the United Kingdom. BermudaWealth ManagementAppleby
ArticleOverview Of Bermuda Economic Substance RequirementsLegislation requiring a "relevant entity" conducting "relevant activity" to report and maintain economic substance has been introduced in Bermuda.BermudaCorporate/Commercial LawWalkers
ArticlePossible Introduction Of Corporate Income Tax In BermudaThe 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...BermudaTaxKennedys Law LLP
ArticleBermuda Corporate Income Tax: Public Consultation On Proposed Tax CreditsOn 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.BermudaTaxConyers
