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Agreement between Isle of Man and Ireland signed and enters into force — Orbitax Tax News & Alerts

On 24 April 2008, the Isle of Man and Ireland signed an agreement for affording relief from double taxation with respect to certain income of individuals and establishing a mutual agreement procedure in connection with the adjustment of profits of associated enterprises. The agreement entered into force on 31 December 2008 and generally applies for Ireland from 1 January 2009 and for Isle of Man from 6 April 2009.