- Taxable Basis
- Guernsey tax resident companies are taxed on their worldwide income whereas non-Guernsey tax resident companies are taxed only on income generated in Guernsey
- Taxable Period
- Calendar year or any other 12-month period
- Corporation Tax Rate(s)
- 0% except for banking business (10%) and income from immovable property situated in Guernsey (20%)
- Ordinary Tax Losses
- Can be carried forward indefinitely. No carry back
- Capital Gains
- Not taxable
- Capital Gains Tax Rate(s)
- 0%
- Capital Losses
- Not tax-deductible since capital gains ate not taxable
- Stamp Duty
- No
- Capital Duty
- No
- Other Taxes
- N/A
- VAT
- No
- VAT Standard Rate
- N/A - No VAT in Guernsey
- VAT Reduced Rate(s)
- N/A - No VAT in Guernsey
- VAT Registration Threshold
- N/A - No VAT in Guernsey
- VAT Filing & Payment
- N/A - No VAT in Guernsey
