Hashtag: #BermudaLaws
Minister Hayward On Paid Leave Entitlement
Minister of Economy and Labour Jason Hayward said he ”would like to take this opportunity to bring clarity to the paid leave entitlement for personal service employees who receive commission and employees who receive gratuities and services charges in accordance with the Employment [Minimum Hourly Wage] Order 2023.” Minister Hayward said,... Read more of this article
OBA Plan Amendment To Corporate Tax Bill
[Updated] The OBA plan to bring an amendment to the proposed Corporate Income Tax bill to ensure that any windfall “is properly deployed to address Bermuda’s crippling national debt and crumbling infrastructure,” Shadow Finance Minister Senator Dr Doug De Couto said. The Government bill is to introduce a 15% corporate income statutory... Read more of this article
Bill For 15% Tax On Large Multinationals
“With the bill that will be tabled later today, the Government plans to introduce a 15% corporate income statutory tax that will be applicable to Bermuda businesses that are part of a multinational group with annual revenue of €750M or more,” Premier David Burt said, adding that it will ”fulfil Bermuda’s commitment to participate... Read more of this article
Chamber Concerns: Bill, Timing, Consultation
[Updated] The Bermuda Chamber of Commerce expressed their “concerns regarding the recent tabling of the Employment Amendment Act 2023″ saying “it is alarming that neither the Chamber nor the industries it represents were consulted” and the “timing of the bill’s debate amidst Government closures, with the challenges... Read more of this article
Town Hall On Tourism Investment Act On Aug 24
On August 24, small and medium sized entrepreneurs and individuals whose businesses cater to the visitor experience are encouraged to attend a town hall meeting to learn more about the Tourism Investment Act. A Government spokesperson said, “The meeting will take place at the Bermuda Economic Development Corporation’s St. George’s Economic... Read more of this article
Financial Assistance Benefits To Be Increased
Amendments will be made to “increase benefits received by over 2,000 seniors, disabled, low-earner and abled-bodied recipients of financial assistance,” Minister of Economy and Labour Jason Hayward said. Speaking in the House of Assembly, the Minister said, “I am pleased to highlight some examples where increases have occurred in the... Read more of this article
New Child Day Care Allowances Start In October
The new Child Day Care Allowance system will take effect in October, Minister of Economy and Labour Jason Hayward said. Speaking in the House of Assembly on Friday [July 21] the Minister noted the Child Day Care Allowance Amendment Regulations 2023 introduces “tiered, income-based benefits, and a maximum gross annual household income of $130,000.” “The... Read more of this article
Tax Relief For Some Tourism Investments
“The Tourism Investment Act 2017 is a catalyst for growth in the restaurant and attraction sectors by creating a favorable investment climate,” Minister of Tourism and the Cabinet Office Vance Campbell said, adding that it “incentivizes entrepreneurs to establish and expand their businesses; promotes collaboration between the public... Read more of this article
Domestic Workers Entitled To Minimum Wage Act
“Domestic workers, whether full-time or part-time and living in or out of their employer’s home, are entitled to receive the minimum hourly wage rate of $16.40 as of 1 June 2023,” the Ministry said today. A Government spokesperson said, “With the implementation of the national minimum hourly wage and considering the number of queries... Read more of this article
Minister On “Reasonable Charges” For PATI
The “Reasonable Charges for PATI concept will require the implementation of a fee structure” which ”would potentially establish 16 hours or two working days as the limit together with a $60 per hour fee thereafter,” Minister of Tourism and the Cabinet Office Vance Campbell said in the House of Assembly today [June 16]. Noting... Read more of this article
Tiered System For Child Day Care Allowance
Amendments to the Child Day Care Allowance Act will create a “new tiered financial award specifically for child day care services,” Minister of Economy and Labour Jason Hayward said. Speaking in the House of Assembly today [June 16] the Minister said, “I rise in this Honourable House today, pleased to have tabled a Bill entitled Amendments... Read more of this article
Govt: Changes To Financial Assistance
The Government is “amending the Financial Assistance Act 2001 and the Financial Assistance Regulations 2004 to provide abled-bodied financial assistance recipients who reach the maximum period of seven years during a fiscal period with a reduced award until they can secure gainful employment or progress out of eligibility.” A Government... Read more of this article
