Bermuda Corporate Income Tax

The Government of Bermuda introduced Corporate Income Tax with effect from 1 January 2025 and established the Corporate Income Tax Agency to administer all aspects of the tax. Effective 13 March 2026, the Corporate Income Tax Agency was designated as the Competent Authority responsible for the administration of the Common Reporting Standard and Country-by-Country Reporting. Accordingly, with effect from 22 June 2026, all content previously located at https://www.gov.bm/common-reporting-standard-country-country-reporting has been migrated to the Corporate Income Tax Agency website at cita.bm. All future public consultations and other matters relating to Corporate Income Tax will be available on that site.

Guidance Notes

• File

  Corporate Income Tax FAQs v6.0 – Nov. 18, 2024 (494.24 KB)

Tax Reform Commission

• File

  Tax Reform Commission Act 2017 (60.72 KB)
• File

  Final Report of the Tax Reform Commission - Oct. 29, 2018 (2.19 MB)
• File

  Ministerial Statement on Tax Reform Commission - Sep. 28, 2023 (1.66 MB)
• File

  Ministerial Statement on Tax Reform Commission - Nov. 10, 2023 (1.52 MB)
• File

  Ministerial Statement on Tax Reform Commission - Mar. 6, 2024 (144.84 KB)
• File

  Bermuda Tax Reform Commission Report 2025 (9.01 MB)
• Tax Reform Commission Report 2025 Feedback Forum
• File

  Bermuda Tax Reform Commission Report 2025 (4.84 MB)
• Tax Reform Commission Report 2025 Feedback Forum

Additional Links

• Global Anti-Base Erosion Model Rules (Pillar Two)
• Global Forum on Transparency and Exchange of Information for Tax Purposes
• Forum.gov.bm
• Ministry of Finance
• Global Forum approves Bermuda as 'Largely Compliant' - Aug. 20, 2017