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Guide

Economic substance requirements for Guernsey companies

[Dynamic date]

17 December 2018

The States of Guernsey has approved legislation which permits the implementation of economic 'substance' requirements into Guernsey's income tax law.

With effect from 1 January 2019, Guernsey tax resident companies undertaking specified activities are required to demonstrate that they each have a substantive presence in Guernsey.

This guide sets out the questions which should be considered to determine whether the substance test applies to a company and if so, whether that test will be met.