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The Treasury (Manx: Yn Tashtey) of the Isle of Man is the finance department of the Isle of Man Government.It prepares the annual budget for the Government, [1] and also handles taxation, customs and excise, economic affairs, information systems, internal audit, currency and the census in the Isle of Man.
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax [1] and a top rate of income tax of 22%. [2] The rate of corporation tax is 0% for almost all types of income; the only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings ...
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax; and a top rate of income tax of 22%. [11] A tax cap is in force: the maximum amount of tax payable by an individual is £200,000; or £400,000 for couples if they choose to have their incomes jointly assessed.
Douglas, the capital city in the Isle of Man, home to the seat of government, is where most Government offices and the parliament chambers are located. The Civil Service has more than 2,000 employees and the total number of public sector employees including civil servants, teachers, nurses, police, etc. was 7,413 full-time equivalent on 31 ...
The new 50C legislation was introduced into Isle of Man law on 22 October 2010, to create a new pensions taxation framework specifically designed to satisfy the QROPS requirements, and to permit the payment of pension and other benefits free of Isle of Man tax, and in doing so to position the Isle of Man as the premier centre for QROPS business ...
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The Department for Enterprise (Rheynn Gastid Dellal) is one of eight departments of the Isle of Man Government.It was created on 1 April 2010 as the Department for Economic Development, largely replacing the former Department of Trade and Industry as well as taking on the tourism function from the former Department of Tourism and Leisure and several other functions from the Isle of Man ...
The Financial Supervision Commission (FSC) (Manx: Barrantee Oaseirys Argidoil) was the financial regulator of the Isle of Man. The commission was established in 1983. The Chairman was previously a Member of Tynwald until legislation forbade this in 2004.