CITA Launches Public Consultation on the Corporate Income Tax Act and Tax Credits Act Proposed Amendments – June 2026

The Corporate Income Tax Agency is publishing this consultation paper to invite stakeholder feedback with respect to amendments to the Corporate Income Tax Act and Tax Credits Act. While the Corporate Income Tax Act amendments will be of interest primarily to corporate income taxpayers, the Tax Credits Act amendments will be relevant to all entities intending to claim a tax credit including both corporate income taxpayers and those who are not in scope for corporate income tax.

Illustrative draft legislation is included for reference. These amendments aim to clarify specific provisions within the legislation.

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

The consultation period will run from 5 June 2026 to 22 June 2026. 

Consultation Paper responses and comments should be submitted by email to: consultation@cita.bm . Respondents should include “CIT and TCA Amendments – June 2026” in the subject title. Media enquiries should be addressed to: media@cita.bm.

Download the Consultation Paper HERE.