The Isle of Man Government has published Guidance Note (GN) 58 on completing company income tax returns for accounting periods ending on or after 31 December 2019. The guidance covers four areas:
Some of the main changes as compared to prior periods include a newly designed online return developed using modern software, as well as additional questions as part of the return to support the new economic substance requirements.
Taxpayers looking for information on the filing of income tax returns for earlier accounting periods can refer to GN52 – Company Income tax Return Form Guidance Note.
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