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Channel Islands: Updated guidance on implementation of CRS 2.0 (Guernsey)

Effective January 1, 2026

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January 28, 2026

The Guernsey Revenue Service on December 31, 2025, issued Bulletin 2025/2 concerning the Income Tax (Approved International Agreements) (Implementation) (Common Reporting Standard) (Amendment) Regulations, 2025, which became effective on January 1, 2026.

The regulations amend the Income Tax (Approved International Agreements) (Common Reporting Standard) Regulations, 2015, and implement the OECD’s 2023 revisions to the Common Reporting Standard (CRS 2.0) within Guernsey’s domestic legislative framework.

Read a January 2026 report prepared by the KPMG member firm in the Channel Islands

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