Guernsey Enacts its Global Minimum Tax Law
On November 26, 2024, the Guernsey issued the Income Tax (Approved International Agreements) (Implementation) (OECD Pillar Two GloBE Model Rules) Regulations, 2024 to transpose the OECD Model Rules into domestic Regulations.
GloBE Country Guide: Guernsey
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Guernsey for accounting periods beginning on or after January 1, 2025. Updated for the Income Tax (Approved International Agreements) (Implementation) (OECD Pillar Two GloBE Model Rules) Regulations, 2024 issued on November 26, 2024.
