Guernsey measures to combat Coronavirus and complying with substance requirements
The Guernsey International Business Association is the latest to release guidance for Guernsey companies relating to their obligations under the economic substance requirements during the worldwide and local spread of COVID-19.
GIBA and the GSCCA have had a number of discussions with the Revenue Service on this matter. We understand that they will take a similar approach to their Jersey counterparts, and that the Chief Minister of Guernsey has endorsed this pragmatic approach.
Please let us know if you have any queries in relation to Guernsey companies in this regard.