CITA Assumes New Compliance Roles

The Bermuda Corporate Income Tax Agency [CITA] announced that it has “officially assumed responsibility for administering Bermuda’s Economic Substance regime and Automatic Exchange of Information framework.” A spokesperson said, “Effective March 13, 2026, the Minister of Finance designated CITA as the Competent Authority under the International Cooperation [Tax Information Exchange Agreements] Act 2005 and the …

Go to Source