Isle of Man Updates Guidance on Company Income Tax Returns for Periods Ending 31 December 2019 and Later

The Isle of Man Government has published an updated Guidance Note (GN) 58 on completing company income tax returns for accounting periods ending on or after 31 December 2019. Similar to the prior version, the updated guidance covers four main areas:

1. The compulsory requirement for corporate taxpayers to file income tax returns online, as well as the limited exemptions available from this.
2. How to register and enroll to file income tax returns for companies online.
3. How to complete income tax…