New tax agreement comes into force

Tue, 08 Jan 2019

A new tax agreement eliminating double taxation has come into force.

The agreement between the Isle of Man Government and UK Government was given effect by an exchange of letters signed by the Chief Minister last summer.

It was then ratified at the October sitting of Tynwald, when the Isle of Man Government informed the UK Government that it had completed its own procedures.

The UK Government recently notified the Isle of Man Government that it had completed its own ratification procedures.

The Agreement replaces the Double Taxation Agreement that was signed in 1955.