Isle of Man

Corporate - Significant developments

Last reviewed - 30 July 2024

Pillar Two

As of 20 May 2024, the Isle of Man government announced it intends to introduce a Qualified Domestic Minimum Top-Up Tax (QDMTT) with effect from 1 January 2025.

This measure is in response to the Organisation for Economic Co-operation and Development’s (OECD's) Pillar Two initiative, which aims to ensure that multinational enterprises (MNEs) pay a fair share of tax wherever they operate and generate profits.