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Isle of Man, UK sign new tax agreement

Tue, 03 Jul 2018

The Isle of Man has signed a new tax agreement with the British Government.

Chief Minister Howard Quayle and the Rt. Hon. Mel Stride from the UK's Treasury signed the deal, which replaces the Double Taxation Agreement of 1995.

The new agreement, which the Island committed to renegotiate in 2016, takes into the account the latest OECD model.

The agreement won't come into effect until next year, as it has to be ratified by Tynwald and the UK first.

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