Organization : Business Guernsey
Type of Facility : Registering Your Business With Income Tax
Country: Guernsey
Website : https://www.locateguernsey.com/
Registering Your Business With Income Tax:
Tax:
Admiral Park Office Complex Displays a larger version of this image in a new browser window Guernsey is self-governing in relation to its domestic affairs, including taxation.
Related : Moving Your Business To Guernsey : www.statusin.org/8783.html
The Island has its own system of taxation and a long-standing, fair and competitive tax regime that meets OECD standards of transparency and information exchange. Guernsey has a favourable personal and corporate tax regime with no Capital Gains, Inheritance or Value Added Taxes.
Companies generally pay tax at 0% although financial services companies pay tax at 10% and utility companies at 20%. In addition, the personal tax rate is a flat 20%, after deduction of personal allowances and reliefs with the facility, for those with high incomes, to cap their liability. Additionally there is a special regime for those who are resident in Guernsey, but not solely or principally resident. To find out more about these opportunities, you should make contact with the Income Tax Office.
If you are setting up in business it is a legal requirement to inform the Income Tax Office. You will need to tell them the nature of your new business, the date of commencement and, if possible, provide an estimate of your profits for the first year of trading.
If so, it might be appropriate to set up a legal entity for the business. The Guernsey Registry offers a choice of Limited Companies, Limited Partnerships, Limited Liability Partnership or Foundations. When considering which type of legal entity is most suited to your proposed new business, the Registry always recommends that you seek independent legal advice
For more information go to the States of Guernsey Income Tax website
Social Security:
A wide range of social security benefits are available to Guernsey and Alderney residents. Reciprocal agreements exist with a number of countries to preserve social insurance entitlements for migrant workers.
Benefits available include health benefits, sickness and unemployment as well as old age pensions and long term care. Employees pay 6% of their gross earnings towards social security and employers pay 6.5%.
For more information go to the Social Security website
Contacts:
Income Tax Office:
Mandy Evans:
Mandy Evans, Assistant Deputy Director, Income Tax
Tel:44 1481 705776
Email: mandy.evans AT tax.gov.gg
Address: Income Tax Office, PO Box 37, 2 Cornet Street, St. Peter Port, Guernsey, GY1 3AZ, Channel Islands
Jeremy Lewis:
Jeremy Lewis, Operations Manager, Income Tax
Tel:44 1481 705776
Email: jeremy.lewis AT tax.gov.gg
Address: Income Tax Office, PO Box 37, 2 Cornet Street, St. Peter Port, Guernsey, GY1 3AZ, Channel Islands
Income Tax – ETI Enquires:
Tel:44 1481 740440
Email: eti AT tax.gov.gg
Social Security Department:
Tim Bean
Tim Bean, Contributions Manager, Social Security Department
Tel:44 1481 732500
Email: tim.bean AT ssd.gov.gg
Address: Social Security Department, Edward T. Wheadon House, Le Truchot, St Peter Port, Guernsey, GY1 3WH, Channel Islands
Social Security Employer’s Enquiries:
Tel:44 1481 732503
Email: enquiry AT ssd.gov.gg