OrbitaxOrbitax

Update - Isle of Man Higher and Non-Resident Income Tax Rate Change

|Approved Changes|Isle Of Man
Isle Of Man

The Isle of Man Government has posted a Customer Information Notice on its Guidance Notes webpage on the changes in the higher and non-resident tax rates. The notice clarifies that the higher and non-resident income tax rates were increased from 20% to 22% from 6 April 2024 and were reduced to 21% from 6 April 2025, in line with the 2025-26 Budget (previous coverage). The lower income tax rate remains at 10%, with the higher rate threshold maintained at IMP 6,500 for individuals and IMP 13,0…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.