The Government of Guernsey recently announced the addition of an example to the Statement of Practice M45 "Legal avoidance" to make it clear that repayments of non-commercial shareholder loans are classed as dividends, where the company has income taxed at less than 20%.

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P&R agrees action to prevent tax avoidance

Thursday 26 June 2025

This week, the Policy & Resources Committ…

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