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Guernsey Publishes 2019 Budget

18 October 2018

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Proposed Changes

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Guernsey

The government of Guernsey announced the publication of the 2019 Budget on 9 October 2018. Some of the main tax-related measures of the budget include the following: Taxes on Businesses An extension of the 10% company intermediate income tax rate to: Income from the regulated activity of operating an investment exchange; and Income from compliance and other related activities provided to regulated financial services businesses (such as advising on corporate governance, risk management and compliance with the regulatory framework); A 5% increase in commercial Tax on Real Property (TRP) rates in general (inflation projection of 2.5% and a real-terms increase...