Guernsey: A Leading Centre of Substance
Learn about Guernsey’s commitments to economic substance, BEPS agenda & AML, and to tax transparency;
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OECD Whitelisted since 2019
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EU Whitelisted since 2019
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Guernsey introduced Economic Substance legislation in 2019
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Signed the OECD’s Multilateral Instrument to implement rax treaty related measures
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Signatory of the Multilateral Competent Authority Agreement to share relevant information
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Compliant with Moneyval and fully committed to FATF and CFT recommendations
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Early adopter of the OECD Common Reporting Standard in 2014
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OECD whitelisted in 2009 and branded co-operative in 2015
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Signed Model 1 agreement with the USA to implement FATCA in 2013
Readers can also learn more about Guernsey’s substance requirements under the Income Tax (Substance Requirements) (Implementation) Regulation, 2018, which applies to tax resident companies incorporated in Guernsey.
