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Retained

  • Statutory Tax Rate 0
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 0

Statutory Tax Rate

The standard income tax rate for resident and non-resident companies is 0%. The standard rate generally applies to all forms of income received by all companies except income received by licensed banks from their banking business and income received by companies engaged in retail business on profits exceeding GBP 500,000, which are taxed at 10% on income. Income derived from land and property in the Isle of Man (including letting and development of real estate, mining and quarrying) are taxed at 20%.