Guernsey: Double Taxation Agreements - Guernsey Signs Tax Information Exchange Agreements with UK

Written by Ian Congreave - Filed under: Guernsey on February 9th, 2009

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On 20 January, Guernsey and the United Kingdom entered into a tax information exchange agreement (TIEA). There was also an agreement reached to revise the long-standing Double Taxation Agreement between the countries so that Guernsey residents will not have to pay UK tax on UK pensions that do not relate to government service Such pensions will only be taxed in Guernsey and will, as a result, pay tax at a lower rate.

The date when these new provisions on the taxation of pensions take effect will depend on when the UK and Guernsey are able to complete the necessary legal requirements, to bring the amendments to the DTA into effect.

Further information:
Guernsey Signs Tax Information Exchange Agreements with UK
Guernsey/United Kingdom Tax Information Exchange Agreement

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Written by Ian Congreave -

Filed under: Guernsey on February 9th, 2009