There are no value added, purchase or turnover taxes in Guernsey. There are excise duties on wine, spirits, tobacco, beer and motor fuel but duties are generally lower than in other European countries especially the UK. Other imported goods from outside the EU are subject to duties levied at the EU's common external tariff rate.

Capital duty of 1/2% is payable on the nominal authorised share capital by a company subject to a minimum of £50 and a maximum of £5,000. It is possible to issue share capital at a premium on which capital duty is not payable.

Document duty of 11/2% is payable on the purchase of property (realty) situated on the Island. In addition property tax known as conge at 2% is also payable on the conveyance of property.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.