Income Tax and National Insurance News

In his 2012 Budget speech, the Treasury Minister, Hon. Eddie Teare, MHK, gave a commitment to publishing a new taxation strategy before the end of this year...

The Foundations Act 2011 came into force on 1 January 2012. The Practice Note which provides guidance on the treatment of foundations for Isle of Man...

The Isle of Man’s Tax Information Exchange Agreement (TIEA) with Czech Republic will enter into force on 18 May 2012. The agreement was signed in London on 18...

The Isle of Man has signed a comprehensive double taxation agreement (DTA) with Qatar. The signing ceremony took place on Sunday 6 May 2012 in Qatar...

On 24 February 2012, Treasury Minister Eddie Teare, MHK, made clear that the Isle of Man Government has no intention of introducing a capital gains tax...

A company resident in the Isle of Man for income tax purposes is taxable on its worldwide income. However, a company can be resident in more than one country...

In his 2012 Budget, the Treasury Minister confirmed that following consultation in 2010, the compulsory use of Online Tax Services for employers will be...

The Isle of Man’s Double Taxation Agreement (DTA) with Bahrain enters into force today (8 March 2012) and the Island’s Tax Information Exchange Agreement (TIEA)...

On 8 February 2012, the United States Treasury Department and Internal Revenue Service jointly issued proposed regulations for the next phase of implementing...

The Isle of Man does not have capital gains tax and there is no intention to introduce such a tax.