The Island's new tax strategy could be ready for February's Tynwald sitting.
Treasury Minister Allan Bell made the announcement in response to a question from Rushen MHK Juan Watterson.
Explaining the delay, Mr Bell (pictured) referred to the "rapid change in the Island's fiscal circumstrances, as a result of the reduction in VAT, rapidly falling interest rates and the worstening external economic conditions".
He went on:
Sharp rise in property sales in November
Nearly 150 more than October
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
Dates for rebranded Isle of Man Food and Drink Festival announced
'The Big Manx Feast' will return in September next year
Isle of Man launches fourth annual Innovation Challenge
Entries focused on health and social care
