Chamber News Article

Jersey Chamber of Commerce

Latest News

Category: Competition / Regulation  Financial  Local Business News  States of Jersey

Economic Substance Updates - No.1

Dec 20, 2018


Welcome to the first Economic Substance Update, produced by the Taxes Office. This supplements the information provided on the States Websites - EconomicSubstanceForCompanies page.

Progress of the Taxation ( Companies- Economic Substance) ( Jersey ) Law

The States Assembly will debate the proposed Law, in the current sitting. No amendments have been proposed in the lodging period.

The scrutiny review by the Economic Affairs Panel was released on the 30th November and is available at Scrutiny Review Link.

Further Guidance.

Whilst we have not yet been able to publish further joint guidance with the other Crown Dependencies, the Taxes Office is publishing a series of questions it has been asked and the responses given.
These will be added to if there are further questions where they are best dealt with in this format. They are available from today on the EconomicSubstanceForCompanies page.

Update on other developments

The OECD announced that it would be resuming application of the substance factor for no and nominal tax jurisdictions. The document can be found here: oecd-resumption-application-of-substantial-activities-factor


More Chamber News

  • Press release: COVID-19 Vaccination Statistics

    32% of Islanders are now fully vaccinated

  • Reports of scams and frauds double

    According to figures released today by the Jersey Fraud Prevention Forum, reports of scams and frauds...

  • Citizens' Assembly third content block

    Citizens’ Assembly to make recommendations for Jersey’s carbon neutrality aim