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Bermuda's proposed corporate income tax takes shape with release of second public consultation

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Bermuda

  • The Bermuda government has released a detailed outline of its proposed 15% corporate income tax regime as part of a second public consultation that clarifies and significantly expands upon the framework released as part of the first public consultation.
  • The corporate income tax is expected to be enacted prior to 31 December 2023 and be effective for tax years beginning on or after 1 January 2025.
  • Th…

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