CITA Bermuda Launches Public Consultation on Second Technical Amendments to the Corporate Income Tax Act

CITA Launches Public Consultation on Second Technical Amendments to the Corporate Income Tax Act 2023

The Corporate Income Tax Agency (CITA) has launched a public consultation to gather stakeholder feedback on the second set of proposed technical amendments to the Corporate Income Tax Act 2023 (“the CIT Act”). An illustrative draft bill is included for reference. These amendments aim to clarify specific provisions and improve alignment with the OECD’s GloBE Rules.

CITA has already considered some stakeholder feedback and incorporated relevant changes into the draft legislation. Through this consultation, the Agency seeks further feedback on the revised draft and suggestions for any additional guidance needed to support implementation.

The consultation period will run from 12 September to 26 September 2025. 

Submissions should be emailed to consultation@cita.bm with the subject line: “Corporate Income Tax Act – Second Technical Amendments”