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Repeal of special company income tax regimes — Orbitax
OrbitaxOrbitax

Repeal of special company income tax regimes

|Approved Changes|Isle of Man
Isle of Man

On 28 June 2006 the Income Tax Division published Practice Note PN 135/06 on the tax position of companies within the special regimes that will be repealed with effect from 6 April 2007:

-   tax exempt companies (TECs);
-   international business companies;

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