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Isle of Man Ratifies Pending Protocol to Tax Treaty with Ireland

29 April 2022

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Treaty Development

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Isle Of Man-Ireland

According to recent reports, the Isle of Man Tynwald (parliament) approved the Taxes (Ireland) (Amendment) Order 2022 on 15 March 2022, which provides for the ratification of the pending protocol to the 2008 (individual) income tax treaty with Ireland. The protocol, signed 18 November 2021, is the first to amend the treaty and includes changes to comply with the OECD BEPS Standards, including the addition of an article on entitlement to benefits. The protocol will enter into force once the ratification instruments are exchanged and will apply in Ireland from 1 January of the year following its entry into force...