iCalculator™ GG: Guernsey Tax Calculators

Welcome to iCalculator™ GG, your comprehensive suite of free tax calculators for Guernsey. iCalculator™ has provided free tax calculators for Guernsey since 2019. Since those early days we have extended our resources for Guernsey to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Guernsey Tax Calculator and salary calculators within our Guernsey tax section are based on the latest tax rates published by the Tax Administration in Guernsey. In this dedicated Tax Portal for Guernsey you can access:

Guernsey Tax Calculator 2024/25

The Guernsey Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Guernsey. This includes calculations for

1. Employees in Guernsey to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Guernsey.

Discover Guernsey

Guernsey is a British Crown Dependency located in the English Channel, off the coast of Normandy, France. It is part of the Channel Islands and lies to the west of Jersey and northwest of France. Neighboring regions include the United Kingdom to the north, France to the south, and Jersey. Learn more about these regions: United Kingdom, France, and Jersey.

Culturally, Guernsey has a rich history influenced by both British and French heritages. This blend is evident in the island's architecture, cuisine, and linguistic traditions. English is the primary language, but Guernésiais, a form of Norman French, is also spoken by a small minority. The island is known for its beautiful landscapes, including rugged cliffs, sandy beaches, and quaint harbor towns, which contribute to its vibrant tourism industry.

The economy of Guernsey is diverse and advanced, with a significant focus on financial services, particularly banking, fund management, and insurance. The island is recognized as an international finance center, attracting businesses and investors with its favorable tax regime and stable political environment. Besides finance, tourism is a key sector, with the island's scenic beauty, mild climate, and rich cultural heritage drawing visitors. Guernsey also has a growing digital and creative sector, and agriculture, though small, contributes to the local economy with dairy farming and horticulture.

Guernsey's economic success is underpinned by its status as a low-tax jurisdiction and its strong regulatory frameworks, which have made it attractive for international business. The island's government is focused on sustainable economic development, balancing the needs of the financial sector with environmental considerations and the well-being of its residents. Despite its small size, Guernsey plays a significant role in the global finance industry and offers a high quality of life for its inhabitants.

Overview of Taxation in Guernsey

The tax system in Guernsey is notable for its simplicity and favorable conditions, particularly for businesses and individuals. It encompasses various forms of taxation such as income tax, corporate tax, and goods and services tax. Personal income tax in Guernsey is levied at a flat rate on residents' worldwide income, while non-residents are taxed only on their Guernsey-source income. Corporate tax is also charged at a standard rate, with certain exemptions and variations based on the nature of the business and income.

Guernsey does not levy value-added tax (VAT) or goods and services tax (GST), which sets it apart from many jurisdictions. This absence of VAT/GST contributes to its appeal as a low-tax jurisdiction. Other taxes include property taxes and inheritance taxes under certain conditions. The island's tax system is designed to attract investment and foster economic growth, making it a popular location for international finance and business.

For individuals and businesses in Guernsey, understanding the local tax regulations is crucial for effective financial planning and compliance. The government's approach to taxation is aimed at maintaining a competitive, transparent, and efficient tax environment. For the latest information on tax regulations in Guernsey, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, a valuable resource for navigating the intricacies of taxation in Guernsey.