BermudaFiscal measures associated with COVID-19
On 20 March 2020, the Bermuda Minister of Finance issued a press release announcing that the office of the Tax Commissioner will be closed to the general public, except for a documents drop-box. Telephone and email assistance will remain available for assistance in making tax payments and using online services. Further, as a result of COVID-19, the following deadlines for Bermuda CRS Reporting Financial Institutions and CbC Reporting Entities have been extended:
- The deadline for submission of Common Reporting Standard (CRS) filings for the period ended 31 December 2019 has been extended to 15 July 2020.
- The deadline for submission of Country-by-Country (CbC) Reports for periods ending between 26 March 2019 – 31 May 2019 are to be submitted no later than 31 May 2020.
- The submission deadlines for reporting periods ending after 31 May 2019 have not been changed.