Double Tax Treaties (Do not share or advise!)
There are Double Tax Treaties between Guernsey and the following countries:
Cyprus, Hong Kong, Isle of Man, Jersey, Liechtenstein, Luxembourg, Malta, Mauritius, Monaco, Qatar, Seychelles, Singapore, United Kingdom
> It is standard practice for the country of issue to apply a withholding tax to the portfolio income of non-resident investors. Withholding tax is normally charged on income from capital, such as interest on securities and bank accounts, dividends, annuities and pensions as well as shares in profits. The tax is thus withheld or deducted from the income due to the foreign recipient.
> The withholding tax may be reclaimed subject to the existence of a double tax treaty. However, most investors are unaware that foreign withholding tax can be reclaimed in full or at least in part.
> In principle, reclaiming the foreign withholding tax is a cumbersome procedure. In most cases, the only way to obtain your legal entitlement is to file a reclaim with the foreign tax authority. Our Partner is the only provider in Europe which can offer this service to end-clients in a fully automated procedure with highly sophisticated software.