S.I. No. 491/2022 - Double Taxation Relief (Taxes On Income) (Isle Of Man) Order 2022

1. Each of the Parties shall notify to the other in writing the completion of the procedures required by its law for the bringing into force of this Protocol.

2. The Protocol shall enter into force on the date of the later of these notifications and shall thereupon have effect

(a) in the case of Ireland

(i) as respects to taxes charged on income, for any year of assessment beginning on or after the first day of January in the calendar year next following the date on which the Protocol enters into force;

(ii) as respects corporation tax, for any financial year beginning on or after the first day of January of the calendar year next following the date on which the Protocol enters into force;

(b) in the Isle of Man, as respects Manx tax, for any taxable period beginning on or after 6 April in the calendar year next following the date on which the Protocol enters into force.

In witness whereof the undersigned, duly authorised thereto, have signed this Protocol.

Done in duplicate at Cardiff this 18

th

day of November 2021.

For the Government of Ireland

For the Government of the Isle of Man

Adrian O’Neill

Jane Pearl Poole-Wilson

GIVEN under the Official Seal of the Government,

4 October, 2022.

MICHEÁL MARTIN,

Taoiseach.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

7

th October,

2022.

WHEREAS it is enacted by

section 826

(1B) of the

Taxes Consolidation Act 1997

(No. 39 of 1997) that where the Government by order declare that the arrangements specified in the order have been made with the government of any territory outside the State in relation to—

(i) exchanging information for the purposes of the prevention and detection of tax evasion in the case of taxes of any kind or description imposed by the laws of the State or by the laws of that territory,

(ii) such other matters relating to affording relief from double taxation as the Government consider appropriate,

and that it is expedient that those arrangements should have the force of law, and the order so made is referred to in Part 3 of Schedule 24A of the

Taxes Consolidation Act 1997

, then subject to

section 826

of that

Act

, the arrangements shall, notwithstanding anything in any enactment, have the force of law as if such order were an Act of the Oireachtas on and from the date of the insertion of a reference to the order into Part 3 of Schedule 24A;

AND WHEREAS it is further enacted by

section 826

(6) of the

Taxes Consolidation Act 1997

that where such an order is proposed to be made, a draft of the order shall be laid before Dáil Éireann and the order shall not be made until a resolution approving of the draft has been passed by Dáil Éireann

AND WHEREAS a draft of the following Order has been laid before Dáil Éireann and a resolution approving of the draft has been passed by Dáil Éireann

NOW, the Government, in exercise of the powers conferred on them by

section 826

(1B) of the

Taxes Consolidation Act 1997

, hereby order as follows