Isle of Man Tax Guide - Corporate, Personal & VAT Rates

One-sentence summary Isle of Man's corporate tax position: 0% (10% banks; 20% real estate/petroleum; 15% certain banking/large retail). Personal income tax: 21. VAT/consumption tax: 20.

Corporate Tax Rate

Isle of Man's headline corporate income tax (CIT) rate is 0% (10% banks; 20% real estate/petroleum; 15% certain banking/large retail).

Personal Tax Rate

The headline personal income tax (PIT) rate is 21.

VAT / GST Rate

The standard VAT/GST (or equivalent consumption tax) rate is 20. Registration thresholds, zero-rated and exempt categories, and reduced rates vary by jurisdiction - see the source link below for the full detail on this jurisdiction.

Residency, CFC, Thin Cap & Treaty Network

Full narrative detail on residency tests, Controlled Foreign Company rules, thin capitalization / interest limitation rules, and the jurisdiction's tax treaty network is on the build list for this page. Rather than approximate that detail without verifying it, this section is left for a future update - use the PwC source link below in the meantime for those specifics.

Source: PwC Worldwide Tax Summaries - Isle of Man (secondary compilation, cited per jurisdiction). Rates last reviewed by PwC: 06 February 2026. Page last verified: August 07, 2026. General information only - confirm current rates and any specific position with a licensed advisor in this jurisdiction before relying on this page.