GloBE Country Guide: Guernsey

Summary

Status	Enacted Law
Law	Income Tax (Approved International Agreements) (Implementation) (OECD Pillar Two GloBE Model Rules) Regulations, 2024 issued on November 26, 2024
Effective Date	Financial years beginning on or after January 1, 2025
IIR	Yes (2025)
UTPR	No
QDMTT	Yes (2025)
Filing Deadlines	Standard
Safe Harbours	All transposed from the OECD Safe Harbour/Administrative Guidance (where relevant).

Legislation
General
OECD Administrative Guidance
Safe Harbours
Elections
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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