The Isle of Man Publishes Practice Notes on Tax Residence of Companies and Other Corporate Taxpayers

The Isle of Man Treaty Income Tax Division has published a practice note on Tax Residence of Companies and Other Corporate Taxpayers. The practice note covers how the tax residence of a company is established, which is based on a combination of both the place of incorporation and the place of central management and control of the company. The practice note also covers dual residence, transfer of domicile, application for non-residence for companies incorporated in the Isle of Man and for tax…