Taxes Office's policy on tax rulings
In June 2016 Jersey signed up as an associate of the Organisation for Economic Co-operation and Development's (OECD) Base Erosion and Profit Shifting (BEPS) initiative.
From 1 April 2017 Jersey is required to spontaneously exchange details of certain tax rulings with tax authorities of other jurisdictions potentially affected by the ruling.
As a consequence the Taxes Office has reviewed its policy regarding the granting of tax rulings.
Defines a tax ruling and explains the difference between a specific tax ruling and a general tax ruling
Makes clear that from the date of this revised policy the Taxes Office will no longer provide clearance letters where there are no genuine points of uncertainty with regard to the application of the Income Tax Law
Explains how to request a specific tax ruling
Explains the effect of a specific tax ruling on the taxpayer
Outlines the circumstances in which a specific tax ruling will be spontaneously exchanged with another jurisdiction
Clarifies the position with regard to tax rulings made by the Taxes Office between 1 January 2012 and 31 March 2017 (Historical rulings)
Taxes Office policy on tax rulings