Isle of Man
7.3/10
33rd of 217
Isle of Man or Saudi Arabia: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Level pegging: Isle of Man and Saudi Arabia weigh about the same on the taxpayer.
Saudi Arabia
7.4/10
29th of 217
| Tax | Isle of Man | Saudi Arabia | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 0% | 20% | −20.0 points |
| Personal income tax top bracket | 10% to 20% | 0% | +20.0 points |
| VAT standard rate | 20% | 15% | +5.0 points |
Detailed schedules
Corporate income tax
Isle of Man
| Standard companies | 0% |
| Deposit bank and retail banking over £500,000 profit | 10% |
| Real estate income located on the island | 20% |
Saudi Arabia
| Share of profit for foreign partners | 20% |
| Share for Saudi or Gulf partners zakat, based on equity | 2.5% |
| Oil and gas up to 85% depending on concession | n/a |
- Isle of Man : www.gov.im
- Saudi Arabia : vision2030.ai