Isle of Man

Corporate - Other issues

Last reviewed - 28 February 2024

Tax treaties

As of 31 December 2023, the Isle of Man had entered into 11 comprehensive DTAs, 13 limited scope DTAs, and 39 tax information exchange agreements (TIEAs) based on the OECD models.

Information has been exchanged with the United States with effect from 30 June 2015 under an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA).

The UK and Isle of Man governments have been exchanging additional information with effect from 30 June 2016 under an agreement extending the automatic disclosure of tax information. The agreement is modelled on the requirements of FATCA.

The Isle of Man has also adopted the Common Reporting Standard (CRS), the new global standard for tax information agreements.

Choice of business entity

There are several different entities through which businesses may operate in the Isle of Man. These include companies, limited liability companies, partnerships, limited partnerships, and protected cell companies.