The Guernsey Financial Services Commission has released a consultation paper on fees for financial services companies for 2012.
The Commission has proposed to retain the fees tariff for 2012 at 2011 levels, except that it proposes to create a further fee band for full fuduciary licences, so that fiduciary licensees with annual fee income between GBP2m (USD3.25m) and GBP4m will pay lower fees in 2012 than in 2011.
Explaining the decision, the Commission's consultation paper says that: “It is the Commission’s policy to review the level of fees annually for all business sectors. Following the significant increases effected in the last two years, the Commission’s financial position is stronger, though financial challenges and uncertainties remain.”
.Tags: tax | offshore | investment | business | financial services | tax havens | international financial centres (IFC) | Guernsey | fees | regulation | services | Guernsey
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