Guernsey & Double Tax Agreements

About Guernsey

Guernsey is one of the Channel Islands, and while not being part of the United Kingdom, it is a part of the Bailiwick of Guernsey, a British Crown Dependency. Guernsey uses Pounds Sterling as its currency and is situated in the same time zone as Britain, but the state is not represented in the UK parliament.

Guernsey's global reputation as a modern finance centre is reflected in its unparalleled expertise and experience, security and stability, and high regulatory standards. Guernsey has its own tax system and a fair and competitive tax rule that meets the Organisation for Economic Co-operation and Development (OECD) standards of transparency and information exchange.

Guernsey has a favourable personal tax regime with no Capital Gains, Inheritance or Value-Added Taxes.

Advantages of Guernsey
as your Retirement Plan destination

Assets of certain non-UK pensions as well as those of QROPS & QNUPS sited in Guernsey fall within the appropriate definitions laid down by HMRC and fall outside of the UK IHT net. Besides that, contributions paid to approved Retirement Annuity Contracts, such as The Soteria Plan, are eligible for further features and benefits, such as:

No Income Tax on Pension Distributions for non-residents

No Capital Gains Tax

Longest standing Government in the world

Early Retirement Age - Draw Benefits from age 55

No Tax on Interest Deposits for non-residents

Common Law Jurisdiction


Guernsey Double Taxation Agreements

Guernsey has Double Taxation Agreements with 14 countries and Partial Double Taxation Agreements with 12 countries. These DTA’s establish rules to avoid double taxation of income, including pension income and property between the said countries. For exact details, please refer to https://www.gov.gg/dta.

Guernsey Full Double Taxation Agreements

C


Cyprus
Date of Signature of Agreement 15 + 29 July 2014
Effective From 4 March 2015

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E


Estonia
Date of Signature of Agreement 18 November 2019
Effective From 6 August 2020

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H


Hong Kong
Date of Signature of Agreement 28 March + 22 April 2013
Effective From 5 December 2013

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I


Isle of Man
Date of Signature of Agreement 24 January 2013 18 October + 12 November 2019
(Protocol)
Effective From 5 July 2013 -

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J


Jersey
  1955 2013
Date of Signature of Agreement - 24 January 2013
Effective From 1 January 1956 9 July 2013

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L


Liechtenstein
Date of Signature of Agreement 5 + 11 June 2014
Effective From 30 April 2015

Luxembourg
Date of Signature of Agreement 10 May 2013
Effective From 8 August 2014

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M


Malta
Date of Signature of Agreement 12 March 2012
Effective From 10 March 2013

Mauritius
Date of Signature of Agreement 17 December 2013
Effective From 30 June 2014

Monaco
Date of Signature of Agreement 7 April 2014
Effective From 9 May 2015

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Q


Qatar
Date of Signature of Agreement 22 February 2013
Effective From 11 July 2013

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S


Seychelles
Date of Signature of Agreement 27 January 2014
Effective From 6 October 2016

Singapore
Date of Signature of Agreement 6 February 2013
Effective From 26 November 2013

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U


United Kingdom
  Consolidated 1994 2009 2015 2016 2018
Effective From 1 January 1951 20 July 1994 20 January 2009
27 November 2009
7 October 2015 6 December 2016 2 July 2018

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Guernsey Partial Double Taxation Agreements

A


Australia
Date of Signature of Agreement 7 October 2009
Effective From 24 August 2011

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D


Denmark
Date of Signature of Agreement 28 October 2008
Effective From 4 November 2009

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F


Faroes
Date of Signature of Agreement 28 October 2008
Effective From 15 January 2010

Finland
  Protocol
Date of Signature of Agreement 28 October 2008 3 & 24 April 2020
Effective From 11 November 2009 -

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G


Greenland
Date of Signature of Agreement 28 October 2008
Effective From 19 November 2009

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I


Iceland
Date of Signature of Agreement 28 October 2008
Effective From 26 November 2009

Ireland
Date of Signature of Agreement 26 March 2009
Effective From 10 June 2010

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J


Japan
Date of Signature of Agreement 6 December 2011
Effective From 23 August 2013

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N


New Zealand
  Protocol
Date of Signature of Agreement 21 July 2009 16 September 2019
Effective From 8 November 2010 -

Norway
Date of Signature of Agreement 28 October 2008
Effective From 5 November 2009

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P


Poland
Date of Signature of Agreement 8 October 2013
Effective From 1 October 2014

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S


Sweden
Date of Signature of Agreement 28 October 2008
Effective From 23 December 2009

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