Isle of Man Updates FATCA & CRS Guidance

The Isle of Man Income Tax Division published updated versions of FATCA and Common Reporting Standard (CRS) guidance notes.

The updated documents may be found by clicking on the below links:

The International Tax Compliance (United States of America) Regulations 2014, as amended Application of FATCA for Isle of Man Financial Institutions - UPDATED 27 January 2022 - Guidance Note GN 55

The Common Reporting Standard Isle of Man Regulations, Application of the CRS for Isle of Man Financial Institutions - UPDATED 27 January 2022 - Guidance Note GN 53

If you have FATCA or CRS questions regarding your Isle of Man obligations, you may contact the international team of the Income Tax Division by emailing aeoi.admin@itd.treasury.gov.im.

For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.