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Isle of Man: Domestic Corporate Taxion

The Future of the 0/10 Regime

This page was last updated on 24 February 2020.

In February 2010, the Isle of Man Income Tax Department launched a consultation on the future of business taxation on the island following scrutiny of its 0/10% regime from the European Union (EU) Code of Conduct for Business Taxation Group.

The Isle of Man’s decision to amend its business tax regime was first announced on 20 October 2009, by Chief Minister Tony Brown, in a statement to the island's parliament, the Tynwald, in response to changes to the Customs & Excise Agreement revenue sharing arrangements between the Isle of Man and the United Kingdom (UK) and other international developments.

In December 2010, the Manx government's review of the 0/10% regime was effectively put on ice until a high level working party established by the European Union to review the Code of Conduct for Business Taxation had reported back to the European Council of Finance Ministers (Ecofin). The Working Party was not expected to report its findings to Ecofin until June 2011.

However, it was announced in the February 2011 budget speech that the 0/10% regime would remain in place and the attribution regime for individuals (ARI) be removed from April 2012.



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