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 Committee has agreed action to prevent an avenue of tax avoidance to ensure that everyone pays their fair s…