Treaty Update: Qatar - Isle of Man

9/5/2012

According to preliminary media reports, the Isle of Man and Qatar signed a DTA on May 6, 2012.

Treaty Update: Isle of Man - Various

21/3/2012

According to information in the Isle of Man Treasury website, the Isle of Man's DTAs with Malta and Poland will become effective for the Isle of Man from April 6, 2012.

Treaty Update: Isle of Man - Various

21/3/2012

According to information on the Isle of Man Treasury website, the Isle of Man's TIEAs with China and Japan will become effective for the Isle of Man from April 6, 2012.

Treaty Update: Isle of Man - Various

15/3/2012

The Isle of Man government has announced that the DTA between the Isle of Man and Bahrain entered into force on March 8, 2012.

Treaty Update: Bahrain - Isle of Man

27/2/2012

Bahrain has ratified the pending DTA signed with the Isle of Man, Bahrain state media announced on February 22, 2012.

Treaty Update: Isle of Man - Qatar

16/1/2012

Qatar's Cabinet on January 11, 2012, approved a draft DTA agreement with the Isle of Man.

Treaty Update: Isle of Man - Portugal

11/1/2012

According to a January 9 announcement by the Manx government, the TIEA between the Isle of Man and Portugal will enter into force on January 18, 2012.

Treaty Update: Isle of Man - France

3/1/2012

The Isle of Man government has noted the entry into force of a TIEA with France, on December 19, 2011.

Treaty Update: Poland - Isle of Man

11/11/2011

The Isle of Man's parliament, the Tynwald on November 4, 2011, ratified the pending TIEA between the Isle of Man and Poland. The Isle of Man government confirmed on November 9, 2011, that it had received notice from Polish authorities that it too had ratified the TIEA, allowing the agreement to come into force from November 27, 2011.

Treaty Update: Isle of Man - Japan

4/8/2011

The Isle of Man government has announced the ratification of the TIEA signed with Japan on June 21, 2011. The agreement will enter into force on September 1, 2011, and become effective in Japan from January 1, 2012, and in the Isle of Man from April 6, 2012.

Treaty Update: Isle of Man - Czech Republic

21/7/2011

A Tax Information Exchange Agreement was signed by the Isle of Man and the Czech Republic on July 18, 2011, the IoM government has announced.

Treaty Update: Isle of Man - Czech Republic

21/7/2011

The Isle of Man and the Czech Republic have jointly declared that they will commence negotiations for a DTA after the TIEA, signed on July 17, 2011, enters into force.

Treaty Update: Isle of Man - Slovenia

29/6/2011

According to the Isle of Man government, a TIEA with Slovenia was signed on June 27, 2011.

Treaty Update: Isle of Man - Indonesia

27/6/2011

According to an Isle of Man Treasury release, a Tax Information Exchange Agreement was signed with Indonesia on June 22, 2011.

Treaty Update: Japan - Isle of Man

23/6/2011

According to the Japanese Foreign Ministry, a TIEA with the Isle of Man was signed on June 21, 2011. The agreement will enter into force 13 days after the governments provide notification that it has been ratified.

Treaty Update: Bahrain - Isle of Man

6/6/2011

In Bahrain the DTA covers income tax payable under Amiri Decree No.22/1979. In the Isle of Man, the treaty applies to income and profit taxes. The treaty contains residency, permanent establishment, immovable property income, business profit, international transport rules, and provides for the elimination of double taxation and for the exchange of information, and has a mutual agreement procedure. Dividend, interest and royalties withholding taxes are not charged.

Treaty Update: Isle of Man - Bahrain

2/6/2011

The DTA is intended to address taxation issues arising in relation to the flow of business and any movement of people between the Isle of Man and Bahrain, and follows the OECD model text. In the Isle of Man, the DTA applies to income and profit taxes, and in Bahrain, to income tax payable under Amirl Decree No.22/1979. The DTA outlines permanent establishment, capital gains and business profits rules. Dividends are exempt from withholding tax and royalties are too.

Treaty Update: Isle of Man - Malta

2/6/2011

The DTA became applicable in Malta on January 1, 2011. In the IoM, the DTA covers taxes on income or profit, and in Malta, it covers income tax. It sets out permanent establishment, income from immovable property, and business profits rules. Dividends, interest and royalties are all exempt from withholding tax.

Treaty Update: Isle of Man - Australia

2/6/2011

Becomes effective in Australia from July 1, 2011. Had been signed on January 29, 2009.

Treaty Update: Japan - Isle of Man

2/6/2011

According to the Japanese government, an agreement has been reached in principle.

Treaty Update: Isle of Man - India

2/6/2011

The TIEA was signed on February 4, 2011. In India, the TIEA applies to all taxes, and in the IoM, taxes on income or profit. The TIEA provides for the exchange of information relevant to the administration and enforcement of domestic tax laws, and to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, or the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of partnerships, companies, collective investment funds or schemes, trusts and foundations.

Treaty Update: Isle of Man - Poland

2/6/2011

In the IoM the DTA applies to tax on income or profits, and in Poland, to personal income tax and corporate income tax. Profits derived by an enterprise in one state from the oepration of ships or aircraft in international traffic shall be taxable only in that state in which the place of effective management is situated.

Treaty Update: Isle of Man - Poland

25/5/2011

In the IoM,the DTA applies to taxes on income or profit, and in Poland, to personal income tax. The DTA sets out rules on income from employment, and rules on directors' fees, artists and sportsmen, pensions, government service, and students.

Treaty Update: Mexico - Isle of Man

25/5/2011

In Mexico, the TIEA applies to the federal income tax, the business flat rate tax, and VAT, and, in the IoM, taxes on income or profit. The TIEA provides for the exchange of information relevant to the administration and enforcement of domestic tax laws, and to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, or the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of partnerships, companies, collective investment funds or schemes, trusts and foundations.

Treaty Update: Isle of Man - Poland

25/5/2011

In Poland, the TIEA applies to personal and corporate tax, and, in the IoM, taxes on income or profit. The TIEA provides for the exchange of information relevant to the administration and enforcement of domestic tax laws, and to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, or the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of partnerships, companies, collective investment funds or schemes, trusts and foundations.

Treaty Update: Czech Republic - Isle of Man

25/5/2011

Treaty Update: Canada - Isle of Man

25/5/2011

In Canada, the TIEA applies to all taxes on income and capital. In the IoM, the TIEA applies to taxes on income or profits. The TIEA provides for the exchange of information held by banks, and other financial institutions, and information regarding legal and beneficial ownership of companies, partnerships foundations, investment funds/schemes, and, in some cases, trusts.