Log In

Reset Password
BERMUDA | RSS PODCAST

Business legislation goes up for debate

House of Assembly

A raft of business legislation will go before MPs today in the House of Assembly, as well as a Bill tightening the island’s crime-fighting regime.

MPs are set to debate the Companies Amendment (No. 2) Act 2017, along with the Payroll Tax Amendment (No. 3) Act 2017 and the USA Bermuda Tax Convention (No. 3) Amendment Act. The Proceeds of Crime Amendment (No. 2) Act 2017 will close gaps in Bermuda’s regime covering overseas tax crimes as predicates for money laundering.

Health regulations will be up for discussion in the Quarantine Amendment Act 2017 and the Quarantine (Maritime and Air) Regulations Act 2017.

In addition, legislators are expected to debate the Real Estate Brokers’ Licensing Act 2017, which brings the island into compliance with standards set up by the Financial Action Task Force.