Guernsey: Corporate Tax

Guernsey has published comprehensive tax reform proposals for 2026 that deliberately protect its international financial sector while addressing the Island's structural deficit. The package includes targeted extensions to the 10% corporate tax rate, introduction of a 3% GST with an International Service Entity exemption scheme, and modest increases to registration fees - all designed to raise £62 million annually while preserving the jurisdiction's competitive advantage for investment funds, internatio

The OECD's Two-Pillar Solution to the global risks posed by base erosion and profit shifting in a digital economy ("Pillar Two") saw the introduction of global minimum tax rules designed...

Guernsey Finance serves as a joint government and industry initiative dedicated to promoting and connecting Guernsey as a leading international finance centre. The organization operates from its registered office at Somers House in St Peter Port, facilitating the island's position in global financial markets.

This briefing summarises certain key aspects of Guernsey taxation law for the calendar year 2023. Topics covered include corporate income tax, personal income tax, withholding tax...

The governments of Guernsey, Jersey and the Isle of Man announced on 19 May that they had agreed on a joint approach to implement the OECD's Pillar Two framework to ensure certainty for businesses in each of the three jurisdictions.

Guernsey, Jersey and the Isle of Man (‘the Islands') have made a joint statement on their intentions in respect of the global initiative to set a minimum effective tax rate for the world's largest multinational enterprises.

The island of Guernsey is the second largest of the Channel Islands, which are situated in the English Channel close to the French coast of Normandy.

Following on from numerous representations made to the Italian authorities, neither Guernsey nor Jersey will be listed on any Italian 'black list' from 1 January 2016.

This briefing has been prepared for the assistance of investment managers primarily considering carrying on investment management from Guernsey.