Income Tax and National Insurance News

A consultation has been launched on the updating of the Island’s income tax legislation on the making and keeping of accounting records to meet international...

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...

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...

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...

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...

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

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

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

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

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...