Guernsey Economic Substance Requirements

To establish if the Guernsey economic substance requirements (the "Economic Substance Requirements") may apply to any specific entity for an accounting period commencing on or after 1 January 2019 ("relevant period"), please answer the questions in the panel below.

This economic substance tool has been developed in response to The Income Tax (Substance Requirements) (Implementation) Regulations, 2018, as amended, which came into force on 1 January 2019 (the "Regulations"), as well as the related key aspects guidance published on 21 December 2018 and the more detailed guidance last published on 22 November 2019. This tool incorporates amendments to the Regulations that were made with effect from 1 August 2019. This tool is subject to any changes, further guidance, the form of tax return and any supporting substance legislation being published.

It is intended only to be used as a quick reference guide and not as a substitute for professional advice. For advice on any specific circumstances, please contact a member of our Guernsey taxation and economic substance team.

Find a Lawyer

  • Russell Clark
  • Elaine Gray
  • Ben Morgan
  • Laila Arstall
  • Wendy Garrard
  • Andrew Tually