Guernsey: Domestic Corporate Taxion
Dividends are subject to income tax at 20%. Payments of interest to a non-resident by a Guernsey 'income tax' company (ie resident company) are also subject to 20% income tax. By concession, payments of interest by Guernsey banks to non-residents or exempt companies are untaxed. Royalties are treated on the same basis as interest.
As from 1st July, 2005, interest and other returns on savings paid to citizens of EU Member States were subject to withholding tax at 15% (20% from 1st July, 2008) under the Savings Tax Directive.