Isle of Man 2017-18 Budget Delivered

The Isle of Man Minister for the Treasury Alfred Cannan delivered the 2017-18 Budget on 21 February 2017. Main features of the budget include:

• The income tax rates for companies are maintained at 10% for banking businesses and retail business profits above GBP 500,000; 20% for land and property in the Isle of Man, and 0% for all other income;
• The income tax lower rate for individuals is maintained at 10% and the higher rate at 20% (Non-resident rate on all income is 20%);
• The individual inco…