On 6 August 2018, the Isle of Man Income Tax Division issued Guidance Note GN-28 on the operation of the withholding tax on payments to non-residents, as well as associated procedures and forms. The Guidance Note clarifies that when the Division first becomes aware that a person is making taxable payments to a non-resident, a notice to deduct tax (form N15) will be issued to the payer. The notice to deduct requires the payer to deduct non-resident tax at the rate specified on the notice from…