Isle of Man Implements Pillar Two Side-by-Side Package

The Isle of Man Government has published the Global Minimum Tax (Pillar Two) (Amendment) Order 2026, which was approved by the Tynwald on 23 July 2026 and came into operation the following day. The main amendments made by the Order provide for the implementation of the OECD’s Pillar Two Side-by-Side package of measures, effective for fiscal years beginning on or after 1 January 2026. The package:

• Allows countries with their own minimum tax systems to operate alongside Pillar Two via a new S…