|Department||Treasury and Exchequer|
|Type of consultation||White paper|
|Deadline for comments||31/03/2022|
About the consultation
Revenue Jersey is consulting on the proposals to change the way Revenue Jersey interacts with partnerships and their partners.
The Taxation (Economic Substance – Partnership) (Jersey) Law 202- has effect from 1 July 2021. Under this legislation, all partnerships in Jersey will be required to make a declaration as to whether they are within scope of economic substance, and if so, assess whether they meet the economic substance test.
The introduction of the economic substance reporting requirements is also an opportunity to review the Jersey income tax reporting requirements for partnerships. The proposed changes, outlined within the consultation document, will create efficiencies for both partnerships and Revenue Jersey.
Revenue Jersey would welcome comments on any aspect of these proposals.
Consultation on new rules for the provision of information by partnerships to Revenue Jersey.pdf
How to submit comments to the consultation
Email tax policy with the subject heading 'partnership consultation'