Companies paying dividends to Guernsey resident individuals are required to deduct or account for the difference between the tax incurred by the company and the shareholder’s individual tax rate (20%) on actual distributions.
A company is required to withhold tax when it is acting as an agent and making payments to a non-resident liable to Guernsey tax.
Guernsey does not levy any other forms of withholding tax (WHT).
The table below sets out the rates of WHT applicable to the most common payments of dividends and interest under Guernsey domestic law where such a liability arises and the reduced rates that may be available under an applicable DTT. Please refer to specific treaties to ensure the values are up to date.
Last Reviewed - 02 July 2019