Bermuda: CRS implementation | KPMG | GLOBAL

Bermuda: Legislative amendments, regulations, and draft guidance for CRS implementation

Bermuda: CRS implementation

There are new legislation amendments, regulations, and draft guidance to effectively implement the common reporting standard (CRS) in Bermuda.

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Related content

  • Amendment to several regulations concerns the International Cooperation (Tax Information Exchange Agreements) Act 2005 for the effective implementation of CRS. Read a May 2017 report [PDF 91 KB]
  • Regulations incorporate the requirements of the CRS into Bermuda’s domestic legislative framework. Read a May 2017 report [PDF 91 KB]
  • Draft guidance provides guidelines for Bermuda’s financial institutions on aspects of CRS options and other topics such as collection of tax identification numbers (TINs), place of birth, investment funds, trusts, etc. Read a May 2017 report [PDF 91 KB]

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