OrbitaxOrbitax

Update - Isle of Man Higher and Non-Resident Income Tax Rate Change

|Approved Changes|Isle Of Man
Isle Of Man

The Isle of Man Government has posted a Customer Information Notice on its Guidance Notes webpage on the changes in the higher and non-resident tax rates. The notice clarifies that the higher and non-resident income tax rates were increased from 20% to 22% from 6 April 2024 and were reduced to 21% from 6 April 2025, in line with the 2025-26 Budget (previous coverage). The lower income tax rate…

Continue Reading