Feedback sought on corporate tax proposal
Created: Aug 12, 2023 07:54 AM
David Burt, the Premier, at an international tax press conference this week (Photograph by Akil Simmons)
The window for comments and submissions on a proposed corporate income tax has been formally announced by the Ministry of Finance.
A document including questions for consideration has been posted online — and confidential industry submissions can be e-mailed to cjanderson@gov.bm before the September 8 deadline.
The tax would apply to Bermuda businesses that are part of multinational enterprise groups with annual revenue of €750 million or more.
The proposed tax would come into effect in 2025.
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Published August 12, 2023 at 7:54 am (Updated August 12, 2023 at 7:54 am)
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