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Bermuda: Updated Tax Guide

						Bermuda is updating its Corporate Tax Guide, including new questions most frequently asked by taxpayers. 

Bermuda's updated tax legislation aims to integrate with the Global Minimum Tax (GloBE) and will apply to businesses registered in the country from January 1, 2025.

The FAQs section includes information on the following topics: general questions on the choice of a tax system, general questions on tax components, interpretation of concepts, determination of tax deductions for losses deferred to future periods, determination of net taxable income, and more. The latest version of the frequently asked questions on the corporate tax regime contains additional information on permanent missions.

Link to the source: https://www.gov.bm/sites/default/files/2024-01/Corporate%20Income%20Tax%20FAQs%20v4.0%20%E2%80%93%20...

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