Guernsey tax system: audit, reporting and optimization of taxation of Guernsey companies and individuals: VAT, income tax and capital gains

Basic taxes (briefly)

Personal tax 20%
Corporate tax (in detail) The corporate income tax rate is 0%, with a few exceptions when the tax rate is 10% or 20%.
Capital gains tax. Details Capital gains in Guernsey are not subject to tax.
VAT. Details
Other taxes Social Contributions, Property Transfer Tax
Government fee
Stamp duty

International tax agreement

Estonia, Hong Kong, Isle of Man, Jersey, Cyprus, Liechtenstein, Luxembourg, Malta, Mauritius, Monaco, Qatar, Singapore, UK.
   
Australia, Austria, Anguilla, Argentina, Bahamas, Belgium, Bermuda, British Virgin Islands, Botswana, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Costa Rica, Czech Republic, Denmark, Faroe Islands, Finland, France, Hungary, Iceland, India, Indonesia, Ireland, Italy, Germany, Gibraltar, Greece, Greenland, Latvia, Lesotho, Lithuania, Macau, Mauritius, Mexico, Montserrat, Netherlands, New Zealand, Norway, Poland, Portugal, Republic of Korea, Romania, Saint Kitts and Nevis, San Marino, Seychelles, Slovakia, Slovenia, Spain, Swaziland, Turkey, Turks and Caicos, Sweden, Switzerland, South Africa, United Kingdom, Uruguay, USA, Japan.


Show all entries Hide all entries

Personal Income Tax

Guernsey tax residents pay income tax on their worldwide income.

Income tax is levied at a flat rate of 20%.

Corporate Income Tax

Tax resident companies are taxed on their worldwide income.

The corporate income tax rate is 0%, with a few exceptions when the tax rate is 10% or 20%.

The tax rate of 10% applies to certain types of banking and insurance activities, fund administration, investment management services, fiduciary business, company maintenance services, and operation of an aircraft registry.

The tax rate of 20% applies to trading activities regulated by the Competition and Regulatory Authority (such as telecommunications), importation and/or supply of gas and certain hydrocarbon products, large retail businesses (with profits exceeding GBP 500,000), real estate companies with property located in Guernsey, and some others.

Capital Gains Tax

None.

CFC Rules

None.

Withholding Tax

Guernsey does not levy withholding tax on interest, royalties or services.

Dividends paid to non-residents are also exempt from withholding tax.

VAT/Goods and Service Tax (GST)

None.

Social Security Contributions

Social security contributions are payable in respect of earnings of up to GBP 153,660 per year. The contribution rates are 6.6% for the employer and 6.6% for the employee.

Property Transfer Tax

There is a special duty payable in respect of real estate transactions and transactions with shares in companies that hold Guernsey real estate. The scale is progressive, with rates ranging from 2% to 4%.

Соглашения об избежании двойного налогообложения

Гернси вступил в следующие механизмы по обмену налоговой информацией:13

13 DTCs: Estonia, Hong Kong, Isle of Man, Jersey, Cyprus, Liechtenstein, Luxembourg, Malta, Mauritius, Monaco, Qatar, Singapore, UK.

61 TIEAs: Australia, Austria, Anguilla, Argentina, Bahamas, Belgium, Bermuda, British Virgin Islands, Botswana, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Costa Rica, Czech Republic, Denmark, Faroe Islands, Finland, France, Hungary, Iceland, India, Indonesia, Ireland, Italy, Germany, Gibraltar, Greece, Greenland, Latvia, Lesotho, Lithuania, Macau, Mauritius, Mexico, Montserrat, Netherlands, New Zealand, Norway, Poland, Portugal, Republic of Korea, Romania, Saint Kitts and Nevis, San Marino, Seychelles, Slovakia, Slovenia, Spain, Swaziland, Turkey, Turks and Caicos, Sweden, Switzerland, South Africa, United Kingdom, Uruguay, USA, Japan.

Exchange Control

There are generally no restrictions on foreign exchange transactions.

    Taxes of Guernsey

    Min. rate for corporate tax 0%
    Capital gains tax No
    VAT No
    Withholding tax No
    Exchange control No
    Need a consultation from a specialist?
    Share on social media:
    RU EN