The Income Tax (Substance Requirements) (Guernsey) (Amendment) Ordinance 2018 Lodged for Debate
The draft Income Tax (Substance Requirements) (Guernsey) (Amendment) Ordinance 2018 (“SRL” or “Substance Requirements Law”) provides detail as to which companies are affected, how the substance requirements will be applied and the penalties for failure to apply.Among the propositions within the draft law, we highlight the following:
Please find below a copy of our SRL document with a summary of the measures that are being proposed under the draft SRL, which deserve special reflection and analysis.
As always, KPMG will be assisting its clients in getting ready for what is to come.
If you would like to discuss the above, please contact us.