New government taxation measures have been approved by the Organization for Economic Co-operation and Development.
These rules apply to large multinational groups with revenues above £650 million.
The , implemented in November, is predicted to raise a forecasted £35 million each year from 2027.
Treasury Minister Dr Alex Allinson welcomed the recognition, stressing the importance of compliance with international standards and easing burdens on affected firms.
Island firm named Trust Company of the Year for UAE
An Island-based firm has been named Trust Company of the Year in the United Arab Emirates.
Businesses invited to Southern Agricultural Show
Would your business like to be part of one of the Island's biggest annual events?
New gym being launched in historic church
A new gym has offered a sneak peek inside the church where it's setting up shop.
Construction careers fair next month
An event in Braddan next month will showcase opportunities in the Island's construction sector.
Regulator asks businesses for info to fight financial crime
The Gambling Supervision Commission's calling on businesses to give information which helps fight money laundering and terrorist financing.
Chamber of Commerce wants members for election task force
The Island's chamber of Commerce is asking its members to sign up for an election task force to shape government policy.
Bank deposits rose over past year
The amount of money deposited in Island banks has risen over the past year, according to the Financial Service Authority's latest statistics.
Innovation and Investment forum expands to Island
A new innovation and investment network is being launched in the Island.
