ARI abolished from tomorrow

Publication Date: Thu, 05 Apr 2012 08:23

Trasury Minister Eddie Teare MHK

One of the Island's tax measures ends this week.

The Attribution Regime for Individuals is officially abolished on Friday.

The Treasury is scrapping ARI after criticism from the EU.

Treasury Minister Eddie Teare said in this year's budget speech that he has no plans to introduce a capital gains tax to replace the system.

Anyone with enquiries about the changes can contact the Income Tax Division.