Bermuda

Historically, Bermuda has offered limited / no specific tax incentives other than the Tax Assurance Certificate described in the Taxes on corporate income section.

However, Bermuda enacted a CIT in December 2023 which is effective in 2025. In December 2025, the Bermuda government enacted the Tax Credit Act 2025 which provides for substance-based tax credits specific to the insurance sector, utilities infrastructure credits, and community benefit credits related to charitable donations available to certain Bermuda businesses.