IM · EuropeJM · Americas
Isle of Man vs Jamaica: tax rates compared
Jamaica's income tax rate is 9pp higher than Isle of Man's (30% vs 21%). The 200-country average is 28%: Isle of Man sits below it, Jamaica sits above it. Isle of Man's figure is dated 2026-02-06 and Jamaica's 2025-12-31, 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 | IM | JM | Difference |
|---|---|---|---|
| Income Tax | 21% | 30% | JM +9 pp |
| Corporate Tax | 0% | 25% | JM +25 pplargest gap |
| VAT | 20% | 15% | IM +5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| Difference | −9 pp | Jamaica higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Jamaica | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −25 pp | Jamaica higher |
Jamaica's corporate tax rate is 25pp higher than Isle of Man's (25% vs 0%). The 201-country average is 22.6%: Isle of Man sits below it, Jamaica sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | +5 pp | Isle of Man higher |
Isle of Man's VAT rate is 5pp higher than Jamaica's (20% vs 15%). The 181-country average is 15%: Isle of Man sits above it, Jamaica matches the world average. Isle of Man's figure is dated 2026-02-06 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Isle of Man's capital gains tax rate is identical to Jamaica's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Isle of Man's figure is dated 2026-02-06 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
Isle of Man's wealth tax rate is identical to Jamaica's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Isle of Man's figure is dated 2026-02-06 and Jamaica's 2025-12-31, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.