GloBE Country Guide: Isle of Man

Summary

Status	Enacted Law
Law	Global Minimum Tax (Pillar Two) Order 2024 issued on October 24, 2024 On November 21, 2024, the Isle of Man Parliament passed the Global Minimum Tax (Pillar Two) Order 2024
Effective Date	Financial years beginning on or after January 1, 2025
IIR	Yes (2025)
UTPR	No
QDMTT	Yes (2025)
Filing Deadlines	Standard
Safe Harbours	All transposed from the OECD Safe Harbour/Administrative Guidance (where relevant).

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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