Agreement between Isle of Man and Ireland signed and enters into force

On 24 April 2008, the Isle of Man and Ireland signed an agreement for affording relief from double taxation with respect to certain income of individuals and establishing a mutual agreement procedure in connection with the adjustment of profits of associated enterprises. The agreement entered into force on 31 December 2008 and generally applies for Ireland from 1 January 2009 and for Isle of Man from 6 April 2009.