🇮🇲 Isle of Man Tax Guide - Income Tax, Corporate Tax & Special Regimes

Top income tax 21.0% Worldwide system

Corporate tax 0.0%

VAT 20.0% standard rate

Tax residency 183 days 22 tax treaties

Isle of Man tax profile

Data year: 2026

Tax system: Worldwide Manx residents are liable to income tax on worldwide income. For 2026/27 the standard rate is 10% on the first GBP 6,500 of taxable income (GBP 13,000 for jointly assessed couples) and 21% on the balance; non-residents pay 21% on Isle of Man-source income without personal allowances. Most companies pay 0% on taxable profits; banking business is taxed at 10%, retail profits above GBP 500,000 at 10%, and income from Isle of Man land and property and petroleum extraction at 20%. VAT is 20% (reduced rates apply to some supplies).
Top PIT rate: 21.0%
Corporate tax rate: 0.0%
VAT: 20.0%
Capital gains tax: No Capital Gains Tax
Social security (employee): Rate not recorded
Social security (employer): Rate not recorded
Dividend withholding: 0.0%
Interest withholding: 0.0%
Royalty withholding: 0.0%
Treaty count: 22

Personal income

Personal income brackets
Bracket min	Bracket max	Rate	USD equivalent
GBP 0	GBP 6,500	10.0%	$0 – $8,600
GBP 6,500	and above	21.0%	$8,600 +

Special regimes
Name	Type	Rate/amount	Duration	Status
Income Tax Cap Election Irrevocable election limiting annual Manx income tax for up to ten years (a five...	Lump sum	GBP 220,000	10yr	Active

Days threshold: 183 days
Residency rules: An individual present in the Isle of Man for more than six months (183 days) in a tax year (6 April to 5 April) is tax resident under section 10 of the Income Tax Act 1970. The Income Tax Division also treats as resident those whose visits average more than 90 days per year over four or more consecutive years, or from the start of the first year when such visits are intended. Ordinarily resident individuals temporarily abroad generally remain resident.
Exit tax: No
CFC rules: No

Isle of Man Government — double taxation agreements (accessed Oct 9, 2026) Partner countries with comprehensive DTAs in force
PwC Isle of Man — Tax Matters 2025/26 (accessed Oct 9, 2026) Cross-check PIT, CIT sectors, VAT, NIC, tax cap, no CGT or inheritance tax
PwC Worldwide Tax Summaries — Isle of Man (accessed Oct 9, 2026) Headline PIT 21%, WHT nil, filing 6 October, CIT structure
Isle of Man Government — rates and allowances (accessed Oct 9, 2026) PIT 10%/21% bands, 2026/27 allowances, tax cap, VAT 20%, historic rate table
Isle of Man Treasury — Budget 2026/27 (PN 227/26) (accessed Oct 9, 2026) 2026/27 personal allowances and income tax rates

Oct 9, 2026
- Top income tax rate 20 21
- Income tax brackets updated
- Special tax regimes updated
updated to 2026/27; corrected top PIT and bracket higher rate 20% → 21%; tax cap regime added at GBP 220,000; treaty count 12 → 22; filing deadline set to October 6; withholding tax rates set to 0%; verification date refreshed Source

AL Albania Unique Permit for Digital Mobile Workers	$610/mo
EC Ecuador Digital Nomad Visa (Visa Nómada)	$1,446/mo
ME Montenegro Digital Nomad Residence Permit	$1,460/mo
MU Mauritius Premium Visa	$1,500/mo

GE Georgia Small Business Status (1% Tax)	1%
JE Jersey High Value Resident (HVR)	1%
UZ Uzbekistan IT Park Resident Status	1%
SO Somalia Presumptive Tax Regime (PTR)	1.5%