P.2018/111 - Policy & Resources Committee
The States are asked to decide:-
Whether, after consideration of the Policy Letter entitled "Double Taxation Agreement with the Government of the United Kingdom of Great Britain and Northern Ireland for the elimination of double taxation with respect to taxes on income and on capital gains and the prevention of tax evasion and avoidance" dated 2nd October, 2018, they are of the opinion:-
1. To declare that, in accordance with section 172(1) of the Income Tax Law, it is expedient that the Double Taxation Agreement that Guernsey has entered into with the Government of the United Kingdom of Great Britain and Northern Ireland for the elimination of double taxation with respect to taxes on income and on capital gains and the prevention of tax evasion and avoidance should have effect, with the consequence that that Agreement shall have effect in relation to income tax, notwithstanding anything contained in the Income Tax Law, or any other enactment; and,
2. in respect of the 1951 "Agreement between His Majesty's Government and the States of Guernsey for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income", revoke its Resolution that that Agreement should have effect made on 13th February 1952, under section 23(1) of the Income Tax (Guernsey) Law, 1950 as amended, in accordance with section 172(2) of the Income Tax Law.
