Isle of Man

Pillar Two

As of 19 May 2023, the Isle of Man government, along with the governments of Jersey and Guernsey, announced a joint approach to the Organisation for Economic Co-operation and Development’s (OECD’s) Pillar Two framework, based on current international implementation of Pillar Two and discussions at the OECD.

The intention is that this approach will comprise the implementation of an ’Income Inclusion Rule‘ and a domestic minimum tax to provide for a 15% effective tax rate for large in-scope multinational enterprises from 2025.