IOM Implementation of the Pillar 2 Global Minimum Tax Rules – Update for Tax Advisors by the IOM Income Tax Division

This is exactly the kind of update you want before deadlines hit.

This week, Shemuel Redwood-Sawyerr and Nicholas Rice from our Accounting team attended the “IOM Implementation of the Pillar 2 Global Minimum Tax Rules” update hosted by The Association of Taxation Technicians and Chartered Institute of Taxation (CIOT) and presented by David Parsons from the Isle of Man Income Tax Division.

The session gave a clear refresher on the Isle of Man’s Pillar 2 rules (in force since 1 January 2025), plus an update on the newly published Side by Side measures, including the Side by Side Safe Harbour. It also covered what’s coming next on Domestic Top-up Tax return filing requirements and the key registration obligations advisors need to keep on their radar.

An amazing session and absolutely worth it for the clarity and practical takeaways.