Bermuda

Since income taxes have not historically been imposed on corporations in Bermuda, group taxation has not been relevant in the context of Bermuda taxation.

However, Bermuda has enacted CITA 2023, which does include specific discussions in relation to group taxation applicable to the CIT effective in 2025.

Note that a consolidated group cannot obtain one Tax Assurance Certificate for the group. A Tax Assurance Certificate must be obtained for each legal entity in Bermuda.