Tax

Skip to content
Skip to navigation

Services

Audit
Tax

Advisory

Dynamic organisations need a broad range of advisory services to support their ambition and growth.

Consulting
The Grant Thornton FS Consulting team have a wealth of experience across a wide range of issues. From banks to insurance companies, the FS Consulting team have branched into all areas of Financial Services. Our FS Consulting team can help you with an array of issues, and guide you through the journey.
Corporate Finance
Grant Thornton’s Corporate Finance team has built up a vast range of experience providing a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
Financial Accounting and Advisory Services (FAAS)
Our team of experts here at Grant Thornton is committed to providing best-in-class solutions to help our clients effectively overcome the hurdles associated with complex regulatory compliance requirements, especially when entering new markets.
Financial Crime (AML)
Protect your business from financial crime with expert AML solutions.
Forensic Accounting
Resolve disputes, uncover fraud and protect your business with expert forensic accounting, investigations and digital forensics support.
Internal Audit & Control Assurance
Strengthen governance, enhance controls, and ensure compliance with expert internal audit and assurance services.
IT Risk Assurance and Advisory
Ensure IT compliance, mitigate risks, and enhance governance with expert IT risk assurance and advisory services.
Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
Sustainability Desk
Grant Thornton’s team of experts provides a wide range of sustainability solutions, combining our knowledge of sustainability with our deep experience in providing professional services.

Audit

The Grant Thornton Audit team offers that expertise and knowledge along with a horizontal approach to solving clients’ problems and queries. Clients get access...

See Overview

Tax

Expert tax guidance in Bermuda. Navigate corporate income tax, cross-border compliance, and transfer pricing with confidence and efficiency.

See Overview

Supporting your business through change

Tax legislation is evolving rapidly, and Bermuda is no exception. With the introduction of a 15% Corporate Income Tax (CIT) from January 2025, multinational groups operating on the island face new compliance requirements, reporting challenges and strategic decisions. At the same time, scrutiny from global tax authorities is intensifying, making proactive planning more important than ever.

At Grant Thornton, we combine deep technical knowledge with practical industry insight. Our partner-led team provides tailored tax advice and compliance services to help clients meet their obligations efficiently, reduce risk, and identify opportunities in this new environment. For groups with US connections, we also provide dedicated corporate income tax support for reinsurance and captive insurance companies, drawing on our US tax specialists.

Our tax solutions

01 Domestic tax services

Meet domestic tax obligations accurately and on time.

We support businesses with local compliance and reporting requirements, ensuring they remain compliant while operating efficiently. Services include:

Domestic tax compliance and registration;
Tax accounting provision preparation;
FATCA and CRS reporting;
Country-by-Country (CbC) reporting.

02 International tax services

Reduce global tax risk and streamline international compliance.

Cross-border operations bring added complexity. We provide strategic guidance to help multinational groups, including those affected by Bermuda’s new CIT regime, manage risk and remain compliant globally. Services include:

International tax planning and structuring;
Cross-border transaction coordination and advice;
Global mobility compliance and consultancy;
International registration and compliance;
US corporate income tax compliance for reinsurance and captives, including IRS liaisons.

03 Tax consulting services

Gain clarity, confidence and control over tax strategy.

Our team helps clients plan ahead, manage change, and respond effectively to regulatory developments. We provide:

M&A structuring and due diligence;
Tax health checks;
Documentation preparation and review;
Support for tax authority audits and reviews.

04 Transfer pricing

Ensure fair, defensible and compliant transfer pricing policies.

We assist multinational groups in designing, implementing and defending robust transfer pricing strategies. Services include:

Functional analysis and benchmarking;
Design and implementation of transfer pricing policies;
Documentation preparation;
Dispute resolution and audit defence.

Get in touch

Hoonjae Kim

Director - Tax

Contact Hoonjae Kim Learn more about Hoonjae Kim

Why Grant Thornton

Bermuda’s evolving tax landscape, including the introduction of Corporate Income Tax in 2025, requires specialist expertise and a proactive approach. Grant Thornton’s Bermuda tax team provides actionable solutions backed by global reach and local insight.

With Grant Thornton, our clients receive:

Reduced risk: Expert guidance ensures compliance with Bermuda’s CIT and other regulations, minimising penalties and scrutiny.
Strategic insight: Tailored advice helps businesses identify opportunities and plan effectively for cross-border operations.
Operational efficiency: Streamlined reporting and compliance processes free up resources for core business activities.
Confidence in decision-making: Partner-led support ensures clarity and actionable recommendations at every stage.
Global expertise with local knowledge: Access to US tax specialists and international advisors for complex multinational operations.

Whether you need to assess your exposure to Bermuda’s new CIT, prepare your tax reporting, or plan for international compliance, our team is ready to provide guidance and support every step of the way. Contact us today to discuss how we can help your business navigate Bermuda’s changing tax landscape.