Taxation (Companies - Economic Substance) (Jersey) Law

Scrutiny review - Economic and International Affairs Panel

Launch date: 21/11/2018

Review status: Comments published

What is the review about?

"Taxation (Companies - Economic Substance) (Jersey) Law 201" P.132/2018 was lodged on 25th October by the Minister for External Relations.

In 2017, the EU Code of Conduct Group (Business Taxation) conducted a screening process where the tax structures of different jurisdictions were subject to detailed analysis.  

As part of ongoing dialogue with the EU over this process, the EU Code of Conduct Group raised concerns that the Crown Dependencies did not have a "legal substance requirement for entities doing business in or through the jurisdiction". The Code of Conduct Group were concerned that this "increases the risk that profits registered in a jurisdiction are not commensurate with economic activities and substantial economic presence". This Law has been drafted in response to addressing these concerns.

Terms of reference

​To issue a Comments paper on P.132/2018 "Taxation (Companies - Economic Substance) (Jersey) Law 201-" to inform the States debate on 4th December 2018

Back to top
rating button