The Isle of Man 2025-26 Budget was delivered on 18 February 2025. Most of the tax measures concern individuals, which include the following:
- The higher rate of income tax will be reduced from 22% to 21% (was increased from 20% to 22% in 2024-25), with the lower rate maintained at 10%;
- The rate of income tax on taxable income for non-resident individuals will be reduced from 22% to 21%;
- The personal income tax allowance will be increased to IMP 14,750 for individuals and IMP 29,500 for joint…