Alerts

  • Revised Payroll Tax Return Forms for the fiscal year commencing 1 April 2017 are now available. The forms can be collected from the Government Cashiers on the Ground Floor of the Government Administration Building, Parliament Street or from the Office of the Tax Commissioner, 1st Floor FB Perry Building, 40 Church Street in Hamilton.

Alerts

  • The Ministry of the Environment advises Portuguese Man of War (PMOW) are present on Horseshoe Bay on the south shore. Take extreme care in or near the ocean when PMOW are present. PMOW can be identified by a blue-violet coloured, gas filled float on top of the water. Its long tentacles can be difficult to see below the water's surface and cause very painful stings. Do not touch a PMOW even if on shore as the tentacles remain venomous.

Common Reporting Standard for the OECD

UK FATCA

Under UK FATCA IGA Model 2, those companies designated Foreign Financial Institutions (FFIs) under UK FATCA in Bermuda, will need to report information directly to Her Majesty’s Revenue & Customs (HMRC) in London in order to comply with Section 4A of the Bermuda International Cooperation (Tax Information Exchange Agreements) Act 2005. 

Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Bermuda to Improve International Tax Compliance. 

Ministry of Finance provides implementation details for UK FATCA

Statement from Ministry of Finance Treaty Unit

Additional reading

International framework for the CRS 
Signatories Of The Multilateral Competent Authority Agreement 
Standard For Automatic Exchange Of Financial Account Information For Tax Matters 

Tax Information Reporting Project - Registration of Interest, June 2016

Tax Information Reporting Project - Request for Proposals (RFP)

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