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Income Tax and National Insurance News

FATCA AND IGA REPORTING DEADLINES NEAR

The 30 June deadline for Isle of Man Reporting Financial Institutions to submit their 2015 US FATCA reports to the Income Tax Division is now only two weeks...
Wednesday, 15 June 2016

Tax Agreement with Botswana comes into force

The Isle of Man Government’s Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Republic of Botswana entered into...
Thursday, 12 May 2016

Isle of Man/United Kingdom Double Taxation Arrangement

A Protocol amending the Double Taxation Arrangement between the UK and the Isle of Man has been entered into by an exchange of letters between HM Treasury and...
Wednesday, 23 March 2016

Isle of Man Indirect Tax Revenue Sharing

The Isle of Man Treasury is pleased to announce that, following extensive negotiations, the Isle of Man and the United Kingdom have agreed a revision of the...
Tuesday, 15 March 2016

2016/17 Notices of Coding

In his Budget speech last week, the Treasury Minister announced changes in income tax personal allowances and the 10% tax rate band as follows:                ...
Tuesday, 23 February 2016

Budget 2016

In his Budget speech today, the Minister for the Treasury, the Hon. Eddie Teare, MHK, announced various taxation and National Insurance measures. Following the...
Tuesday, 16 February 2016

Consultation Response Documents Issued

Treasury has today issued response documents to the following consultations: Proposed changes to Individual Taxation (consultation period 14 August – 9...
Tuesday, 16 February 2016

Isle of Man and Switzerland sign Joint Declaration

The Isle of Man has signed a joint declaration with Switzerland addressing the introduction, on a reciprocal basis, of the automatic exchange of financial...
Friday, 29 January 2016

Tax relief proposed to encourage investment in Island enterprise

Treasury has today launched a consultation on a proposed new scheme offering relief from income tax to investors in growing Island-based businesses. The Manx...
Monday, 21 December 2015

Isle of Man signs Tax Co-operation Agreement with Spain

As part of the Isle of Man Government’s continuing commitment to meet international standards in tax co-operation and transparency, a Tax Information Exchange...
Thursday, 3 December 2015
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