Non-resident entities will be required to provide sufficient evidence to the Registrar of Companies to support their tax residence in a jurisdiction outside Bermuda.

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.

Bermuda has been engaging in tax information exchange with other jurisdictions since the 1980s. This article, which is based upon a paper presented at the...

The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries.

51 jurisdictions signed the OECD Multilateral Competent Authority Agreement for the implementation of automatic exchange of tax information.

Welcome to the latest instalment of the Bermuda Regulatory & Risk Advisory Bulletin. In a constantly evolving regulatory environment...

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.

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

Furthermore, it is worth noting that on 3 January 2018 the Commission announced that, as of 1 January 2018...

The recent judgment issued by the Supreme Court of Bermuda in the case of In the Matter of the AB Settlement [2022] SC (Bda) 92 Civ provides very helpful authority on the question...

The common reporting standard (CRS) is the Organisation for Economic Cooperation and Development's (OECD) model for the automatic exchange of information (AEOI) between jurisdictions world-wide.

The month of June 2019 saw a number of important updates to Bermuda's economic substance regime ahead of the 1 July deadline for compliance for entities in existence when the legislation came into force.

The recent decision of the Supreme Court of Bermuda in Ministry of Finance v IJK Limited [2021] SC (Bda) 8 Civ provides welcome clarification for Respondents on the right of review of Production Orders...

Bermuda's House of Assembly has introduced the Corporate Income Tax Amendment Act 2026, bringing significant updates to the island's corporate income tax regime. The amendments provide enhanced flexibility for filing entities, refine penalty structures, and clarify administrative mechanisms for the Corporate Income Tax Agency. These changes aim to streamline tax return filing processes and improve operational oversight for Bermuda Constituent Entities and multinational enterprise groups operating under the

With the spotlight on offshore financial centres in the wake of the Panama Papers revelations, Stephanie Paiva Sanderson explains Bermuda's participation in the global effort to increase tax transparency in part 1 of a 2 part series.

This quarter continues to see significant developments in economic substance requirements in the offshore jurisdictions.

The Organisation for Economic Co-operation and Development (OECD) has urged participating tax authorities around the globe...

Nil filings are not mandatory in Bermuda but may be filed if a Reporting Financial Institution wishes to submit a nil filing to confirm that they have no reportable accounts for the relevant reporting period.