Bermuda Wants Comments on Technical Amendments to Corporate Tax

Bermuda is requesting public feedback on a series of technical amendments the government is making to its corporate income tax.

The island’s finance ministry released its first consultation for the amendments Thursday, detailing changes to the Corporate Income Tax law, including how certain kinds of insurance companies are treated, filing requirements and conversion of foreign currency.

In a press release, the Bermuda government said the consultation is meant to clarify aspects of the corporate tax and align the law more fully with the 15% global minimum tax rules. Bermuda passed its Corporate Income Tax Act in 2023, its own ...