GM · AfricaIM · Europe
Gambia vs Isle of Man: tax rates compared
Between the two, Gambia's income tax rate (25%) tops Isle of Man's (21%) by 4pp. The 200-country average is 28%: both sit below it. Gambia's figure is dated 2018-01-01 and Isle of Man's 2026-02-06, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GM | IM | Difference |
|---|---|---|---|
| Income Tax | 25% | 21% | GM +4 pp |
| Corporate Tax | 27% | 0% | GM +27 pplargest gap |
| VAT | 15% | 20% | IM +5 pp |
| Capital Gains Tax | 15% | 0% | GM +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 25% | Source: Gambia Revenue Authority — Personal Income Tax · as of 2018-01-01 |
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Difference | +4 pp | Gambia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 27% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Isle of Man | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +27 pp | Gambia higher |
Between the two, Gambia's corporate tax rate (27%) tops Isle of Man's (0%) by 27pp. The 201-country average is 22.6%: Gambia sits above it, Isle of Man sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-01-01 |
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Difference | −5 pp | Isle of Man higher |
Between the two, Isle of Man's VAT rate (20%) tops Gambia's (15%) by 5pp. The 181-country average is 15%: Gambia matches the world average, Isle of Man sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-07-19 |
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Difference | +15 pp | Gambia higher |
Between the two, Gambia's capital gains tax rate (15%) tops Isle of Man's (0%) by 15pp. The 175-country average is 10.3%: Gambia sits above it, Isle of Man sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 0% | Source: Gambia Revenue Authority · as of 2026-07-18 |
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Gambia and Isle of Man both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.