• Isle of Man Tax Features

  • Taxable Basis
    Isle of Man tax resident companies are taxed on their worldwide income whereas non-Isle of Man tax resident companies are taxed only on income generated in the Isle of Man

    Taxable Period
    Accounting year

    Corporation Tax Rate(s)
    0% except from licensed banks deposit-taking activities and income from immovable property (10%)

    Ordinary Tax Losses
    Can be carried forward indefinitely. Can be carried back for 1 year

    Capital Gains
    Not taxable

    Capital Gains Tax Rate(s)
    0%

    Capital Losses
    Not tax-deductible since capital gains are not taxable

    Stamp Duty
    No

    Capital Duty
    No

    Other Taxes
    N/A

    VAT
    Yes

    VAT Standard Rate
    20%

    VAT Reduced Rate(s)
    5% and 0%

    VAT Registration Threshold
    £83,000

    VAT Filing & Payment
    Quarterly

Compare Isle of Man to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

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