Yes. Bermuda enacted the Corporate Income Tax Act 2023 (CITA 2023), imposing a 15% corporate income tax on large multinational enterprises (MNEs) with global revenues exceeding €750 million, effective from January 1, 2025. This was enacted in direct response to the OECD Pillar Two / GloBE minimum tax rules. However, entities below the €750 million threshold — the vast majority of US-resident Bermuda structures — remain outside CITA 2023 scope and continue to pay zero Bermuda corporate income tax.