Hashtag: #CIT
Ministry Releases FAQs On Income Tax Act
The Ministry of Finance of the Government of Bermuda has published Frequently Asked Questions [FAQs] with respect to the Corporate Income Tax Act 2023. A Government spokesperson said, “The purpose of the FAQs is to assist entities in determining if and when they are within the scope of the corporate income tax [CIT], and to provide additional... 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
