
1 
This Order may be cited as the Double Taxation Relief (Taxes on Income) (Guernsey) Order 1994.
2 
It is hereby declared—
(a) that the arrangements specified in the Arrangement set out in the Schedule to this Order, which vary the arrangements set out in the Schedule to the Double Taxation Relief (Taxes on Income) (Guernsey) Order 1952, have been made with the States of Guernsey with a view to affording relief from double taxation in relation to income tax or corporation tax and taxes of a similar character imposed by the laws of Guernsey; and
(b) that it is expedient that those arrangements have effect.
R. P. Bulling
Deputy Clerk of the Privy Council

SCHEDULE
1 
After paragraph 9 of the 1952 Arrangement there shall be inserted the following new paragraph:“
9A 
Notwithstanding the preceding provisions of this Arrangement, any person who is assessed in accordance with, or is exempt from assessment by virtue of, the provisions of—
(a) The Income Tax (Exempt Bodies) (Guernsey) Ordinances, 1989 and 1992, or
(b) The Income Tax (International Bodies) (Guernsey) Law, 1993,in respect of any income or profits shall not be entitled under this Arrangement to any relief or exemption from United Kingdom tax which is computed by reference to that income or those profits, unless that person is assessed under those provisions on the whole of that income or those profits at a rate which is not less than the standard rate under section 36 of the Income Tax (Guernsey) Law, 1975, as amended.”.
2 

(1) Each of the parties to this Arrangement shall notify to the other the completion of the procedures required by law for the bringing into force of this Arrangement.
(2) This Arrangement shall enter into force on the date of the receipt of the later of those notifications and shall thereupon have effect in the United Kingdom in relation to income and profits arising on and after that date.