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Replacing the Distributable Profits Charge - A Proposal Document 26 October 2007

The Income Tax Division has today published a proposal document on the replacement of the Distributable Profits Charge in the Isle of Man.

The proposal document explains why the Distributable Profits Charge is to be replaced and provides details of the proposed new regime, the Attribution Regime for Individuals.

A copy of the proposal document is available here.

Malcolm Couch

Assessor of Income Tax

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