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Isle of Man 2025-26 Budget Delivered Including Higher Income Tax Rate Reduction and Other Changes for Individuals

|Proposed Changes|Isle Of Man
Isle Of Man

The Isle of Man 2025-26 Budget was delivered on 18 February 2025. Most of the tax measures concern individuals, which include the following:

  • The higher rate of income tax will be reduced from 22% to 21% (was increased from 20% to 22% in 2024-25), with the lower rate maintained at 10%;
  • The rate of income tax on taxable income for non-resident individuals will be reduced from 22% to 21%;
  • The pe…

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