Statutory Instruments

2016 No. 749

Corporation Tax

Income Tax

The Double Taxation Relief (Isle of Man) Order 2016

Made

13th July 2016

At the Court at Buckingham Palace, the 13th day of July 2016

Present,

The Queen’s Most Excellent Majesty in Council

A draft of this Order was laid before the House of Commons in accordance with section 5(2) of the Taxation (International and Other Provisions) Act 2010( 1 ) and approved by a resolution of that House.

Accordingly, Her Majesty, in exercising the powers conferred upon Her by section 2 of the Taxation (International and Other Provisions) Act 2010, by and with the advice of Her Privy Council, orders as follows—

Citation

1. This Order may be cited as the Double Taxation Relief (Isle of Man) Order 2016.

Double taxation arrangements to have effect

2. —(1) It is declared that there has been made with the Government of the Isle of Man—

(a) the Exchange of Letters set out in Part 1 of the Schedule to this Order, and

(b) the Arrangement referred to in the Exchange of Letters, as set out in Part 2 of that Schedule, which varies the arrangements set out in the Schedule to the Double Taxation Relief (Taxes on Income) (Isle of Man) Order 1955( 2 ), as amended by the arrangements set out in—

(i) the Schedule to the Double Taxation Relief (Taxes on Income) (Isle of Man) Order 1991( 3 ),

(ii) the Schedule to the Double Taxation Relief (Taxes on Income) (Isle of Man) Order 1994( 4 ),

(iii) the Schedule to the Double Taxation Relief and International Tax Enforcement (Taxes on Income and Capital) (Isle of Man) Order 2009( 5 ), and

(iv) the Schedule to the Double Taxation Relief and International Tax Enforcement (Isle of Man) Order 2013( 6 ),

with a view to affording relief from double taxation in relation to income tax or corporation tax and taxes of a similar character imposed by the laws of either party.

(2) It is further declared that it is expedient that the Arrangement should have effect.

Ceri King

Deputy Clerk of the Privy Council

Article 2