Tax, VAT and Your Money News

Sanctions Notice: Financial Sanctions: Al-Qaida

Financial Sanctions: Al-Qaida This news release is issued in respect of the restrictive measures directed against certain persons and entities associated with...
Thursday, 11 October 2012

Foreign Account Tax Compliance Act (FATCA)

The Governments of Guernsey, the Isle of Man and Jersey are today (9 October 2012) simultaneously announcing their intention to negotiate partnership agreements...
Tuesday, 9 October 2012

Isle of Man signs Tax Co-operation Agreements with Singapore and Turkey

The Isle of Man today continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Double Taxation...
Thursday, 27 September 2012

Tax Agreements with the Republic of Slovenia come into force

Two tax agreements between the Isle of Man and the Republic of Slovenia entered into force on 31 August 2012. The two agreements are: a Tax Information...
Friday, 14 September 2012

Machine Games Duty

The Treasury has published a consultation on the introduction of machine games duty on the takings of certain machines used for gambling. It is planned to...
Tuesday, 4 September 2012

Budget rebalancing on target – but tough decisions ahead

Tough political decisions are still required as work progresses to put the Island’s public finances back on an even keel, Treasury Minister Eddie Teare MHK...
Thursday, 9 August 2012

Foreign Account Tax Compliance Act Update

On 26 July the United States Treasury Department published a model intergovernmental agreement (IGA) designed to improve tax compliance and implement the...
Thursday, 9 August 2012

Personal Service Companies - Consultation Document Issued

The Income Tax Division, on behalf of the Treasury, has today published a consultation document addressing personal service companies which includes a draft of...
Monday, 6 August 2012

Isle of Man's commitment to combating money laundering

The Isle of Man Government has published a document underlining its policy of compliance with evolving international standards in tackling financial crime. The...
Tuesday, 17 July 2012

Taxation Strategy Consultation issued

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...
Monday, 2 July 2012