CITA Opens Tax & Credit Consultation
The Corporate Income Tax Agency [CITA] has published a consultation paper inviting stakeholder feedback on amendments to the Corporate Income Tax [Administrative] Regulations 2025, and on a new set of regulations to support the administration of the Tax Credits Act 2025.
A spokesperson said, “The consultation forms part of CITA’s ongoing work to support the effective administration of Bermuda’s corporate income tax and tax credit frameworks. The proposals are intended to reflect stakeholder feedback received to date, improve operational clarity, and align administrative processes where possible to reduce administrative complexity for stakeholders.
“The proposed amendments to the Corporate Income Tax [Administrative] Regulations will be of primary interest to corporate income taxpayers, while the new set of tax credit regulations will be relevant to entities seeking to claim tax credits under the Tax Credits Act 2025, including those outside the scope of the corporate income tax charge.
“CITA welcomes feedback from affected businesses, industry groups, advisers, and other interested stakeholders. The public consultation period runs from 13 May 2026 to 3 June 2026. Written submissions should be sent to consultation@cita.bm with the subject line: “CIT and TCA – Administrative Provisions.”
