Zero/ten confirmed

The 'zero/ten' Isle of Man corporate tax regime has been approved by the EU. This follows the decision by the Isle of Man Government to scrap the 'ARI' regime whereby corporate profits were attributed to manx resident shareholders in certain circumstances.

This is great news for the Island's economy and brings more certainty to the environment in which companies trade on the Island. It is expected that this will give confidence to businesses that want to relocate to or set-up on the Island.