An introduction to legislation for economic substance
Legislation introducing economic substance requirements for companies has been passed.
Taxation (Companies - Economic Substance) (Jersey) Law
A consultation on the outline proposals was held between 6 and 31 August 2018. The summary of responses to the consultation is now available.
Economic substance consultation responses summary
Consultation on the introduction of substance requirements for companies tax resident in Jersey
Guidance for companies
The key aspects document details:
- the first level of guidance issued
- how we will implement the law
The economic substance flowchart shows the legislation's scope.
Key aspects in relation to economic substance requirements
Economic substance flowchart
Economic substance questions and answers
We were asked questions on the legislation and its application when it was proposed. We have reproduced some of these questions and our answers.
Questions and answers on economic substance requirements and the legislation