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Isle of Man - Special considerations for short-term assignments

Isle of Man - Special considerations for short...

Taxation of international executives

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For the purposes of this publication, a short-term assignment is defined as an assignment that lasts for less than 1 year.

Residency rules

Are there special residency considerations for short-term assignments?

A short-term assignee may avoid becoming resident in the Isle of Man, depending upon the duration of their assignment.

Payroll considerations

Are there special payroll considerations for short-term assignments?

No.

Taxable income

What income will be taxed during short-term assignments?

If the assignee is treated as resident in the Isle of Man, they will be taxable on their worldwide income. If non-resident, however, they will be taxed on Manx-source income only.

Additional considerations

Are there any additional considerations that should be considered before initiating a short-term assignment in the Isle of Man?

Assignees from the United Kingdom, Estonia, Guernsey, Jersey, Luxembourg, Qatar, the Seychelles, Singapore, Bahrain and Malta may be protected under double-taxation treaties.

Assignees from Denmark, Poland, Faroe Islands, Finland, Greenland, Iceland, Norway, Slovenia and Sweden may benefit from agreements for the avoidance of double taxation on individuals.

Assignees from other countries/territories will not have any treaty protection.

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