Bermuda’s Corporate Income Tax Agency (CITA) has launched a public consultation, published on 5 June 2026, seeking stakeholder feedback on proposed amendments to the Corporate Income Tax Act and the Tax Credits Act. The consultation paper, which includes illustrative draft legislation, is open for responses from 5 June 2026 to 22 June 2026.
According to CITA, the proposed changes are intended to clarify specific provisions within the existing legislation rather than overhaul it. The Corporate Income Tax Act amendments will mainly concern corporate income taxpayers, while the Tax Credits Act amendments will be relevant to any entity seeking to claim a tax credit, including parties not within the scope of the corporate income tax.
CITA said it has already reviewed some earlier stakeholder feedback and reflected relevant changes in the current drafts. Respondents are asked to email comments to the agency with the reference “CIT and TCA Amendments – June 2026” in the subject line before the consultation closes.