As part of the 2019 Budget, several tax changes have been introduced in Guernsey for 2019 as approved through different amending ordinances in November and December 2018. Changes include: 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 of...