- Guernsey’s Policy & Resources Committee has published its “Tax Reform 2026” plan for debate in July 2026, after consultation and external analysis.
- The package includes a proposed 3% GST starting in 2028, with pre-GST increases in pensions, income support, and other benefits, plus relief for lower-income households.
- GST would not be increased before a 2030 review, and only if further fiscal adjustment is proven necessary.
- An international services entity scheme is also proposed, allowing certain finance businesses to pay a fee for GST exemption on international client services.
- The reforms assume 1% annual public spending efficiencies over the next three years, alongside continued priority-based budgeting.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
