Taxation

Guernsey is a low tax jurisdiction. Residents pay an income tax of 20% and there is no capital gains tax, no goods or service tax, no estate tax and no value added tax. There is a Dwellings Profit Tax designed to curb speculation in property.

Guernsey has changed its tax system in 2008 and now all companies are taxed at a zero rate. This will bring the island into line with changes in Jersey and the Isle of Man. Guernsey is subject to the European Savings Tax Directive. An individual deriving savings interest from Guernsey sources has the option, if resident in a territory to which the Directive applies, of suffering a withholding tax on his savings interest or to have Guernsey report the interest to the tax authorities in his country of residence. Guernsey is following a path of transparency and openness and has recently signed a number of tax information exchange agreements with EU member countries.
Latest In Taxation

ERNST & YOUNG will be holding a repeat seminar on the ‘Future of Guernsey’s Corporate Tax’ following a huge response from business professionals in the island.

Administrative penalties for NPOs

In 2008, the States introduced legislation (the Charities and Non Profit Organisations (Registration) (Guernsey) Law, 2008) (“the Registration Law”)

Close International comments on Australian tax change

Rex Cowley, head of marketing at Close International, comments on Australian tax change:

Future of Guernsey as a finance centre seminar

Organisers of a breakfast seminar to discuss the future of Guernsey’s corporate tax regime have received a phenomenal response only one day after issuing their invites.
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