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Income Tax and National Insurance News

Isle of Man signs tax co-operation agreement with Romania

The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Romania.  The TIEA was signed during a ceremony in London on 4 November 2015, by...
Thursday, 5 November 2015

Over 10.000 tax returns received online already

Over 10,000 2014/15 tax returns have already been submitted using Online Tax Services and the Income Tax Division would like to remind everyone that they are...
Tuesday, 29 September 2015

Isle of Man signs Tax Information Exchange Agreement with the Cayman Islands

The Isle of Man has continued its programme of developing closer economic and taxation co-operation with other countries by concluding a Tax Information...
Tuesday, 22 September 2015

Guidance for Island residents on increased tax scrutiny

The Income Tax Division is offering guidance to residents who may be worried about increased scrutiny of their income from off-Island as a result of new global...
Tuesday, 1 September 2015

Proposal to end age exemption from National Insurance payments

The Treasury has launched a public consultation on a proposal to stop workers being exempted from making National Insurance contributions once they reach state...
Wednesday, 19 August 2015

Consultation on streamlining the income tax system

Treasury Minister Eddie Teare MHK has announced the start of a public consultation on moves to further simplify the Island’s income tax system and lift...
Thursday, 13 August 2015

Sanctions Notice: Financial Sanctions: Afghanistan

This news release is issued in respect of the restrictive measures directed against certain persons and entities in Afghanistan. The European Commission has...
Tuesday, 4 August 2015

Tax Agreement with Italy comes into force

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Italian Republic entered into force on 10 June...
Tuesday, 23 June 2015

FATCA reporting deadline near

The 30 June 2015 deadline for Isle of Man Reporting Financial Institutions to submit their first US FATCA reports to the Income Tax Division is now less than...
Tuesday, 16 June 2015

Income Tax apologises for e-mail error

The Income Tax Division of Treasury has apologised for an operational error which resulted in groups of its customers being able to see each other’s e-mail...
Thursday, 21 May 2015
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