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Bermuda – New Corporate Income Tax
A new Corporate Income Tax (CIT) in Bermuda is expected to take effect in January 2025.
The CIT will apply to Bermuda businesses which are part of Multinational Enterprise Groups (MNEs) or reach annual revenue of €750M or more.
Further assistance with determining if and when a business is within the scope of the CIT and other FAQs can be found on The Government of Bermuda website: https://www.gov.bm/CIT
