Corporate tax legislation to go before MPs
An order to boost contributory pension benefits for seniors will go before MPs today in the House of Assembly.
An order amending the island’s minimum hourly wage will also be tabled.
The day’s legislative debate is likely to be a brief one — with a lone Bill on the order sheet.
The Corporate Income Tax Amendment Bill 2025 allows for “miscellaneous updates to enhance Bermuda’s corporate income tax regime and to better facilitate the filing of tax returns”.
The legislation, tabled at the previous sitting by David Burt, the Premier and Minister of Finance, covers matters such as a location rule for Bermuda Tax Resident Entities, the calculation of taxable income where an entity has only been resident in Bermuda for part of its fiscal year and matters of fiscal transparency.
However, many of its clauses pertain to the process of filing tax returns.
Jason Hayward, the Minister of Economy and Labour, will deliver the wage commission’s recommendations on minimum hourly wages and give a ministerial statement on the issue.
Mr Hayward will also bring an immigration prohibition of entry order, as well as the minimum hourly wage order.
Tinée Furbert, the Minister of Youth, Social Development and Seniors, will bring the 2024 annual report of the Human Rights Commission. She will also address MPs on the report.
Mr Burt will speak on the Beneficial Ownership Bill 2025, while Zane DeSilva, the Minister of Housing and Municipalities, will give an update on the Bermuda Land Management Corporation.
Owen Darrell, the Minister of Tourism, Transport, Culture and Sport, will speak on this year’s Cup Match and emancipation commemorations.
He will also update MPs on the next phase of the Shorelink public transportation app.
Michael Weeks, the Minister of National Security, will speak on the use of community grants for the national violence reduction strategy and give a summer update on the Royal Bermuda Regiment.
• To view the Orders of the Day, see Related Media