Bermuda's government will launch a qualified refundable tax credit programme in 2024 to become effective in 2025, in parallel with its new 15 per cent corporate income tax for large businesses liable to the OECD global minimum tax rule. It hopes that such credits will support Bermuda-based job retention and growth, as well as investments in career training, infrastructure, sustainability and other initiatives. The second consultation on the new corporate income tax closes on 30 October 2023.
News Source：【STEP International News 2023/08/10】