Tax And Social Insurance
Guernsey does not levy capital gains, inheritance, capital transfer or value added taxes.
Employers deduct income tax and social insurance contributions from their employees' salaries at source. Income tax is charged at a flat rate of 20% but there are personal allowances and deductible items, such as interest on mortgages and loans.
Social insurance is payable at different rates depending on circumstances. These contributions are used by the Guernsey Social Security Authority to fund the specialist health insurance scheme, which covers the cost of most specialist medical care.
For details on the above, visit www.tax.gov.gg