Income Tax and National Insurance News

Tax Agreements with British Virgin Islands, Cayman Islands and Romania enter into force

The Isle of Man Government’s Agreements for the Exchange of Information Relating to Tax Matters with the Governments of the British Virgin Islands, the Cayman...
Monday, 19 September 2016

Isle of Man signs Tax Co-operation Agreement with the Turks and Caicos Islands

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...
Monday, 19 September 2016

Taxpayers switch to online as deadline looms

The Island is seeing a big increase in the number of taxpayers discovering the benefits of submitting their personal income tax returns online. With less...
Friday, 9 September 2016

Consultation on enhanced tax requirements for accounting records

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...
Tuesday, 12 July 2016

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

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 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