JERSEY: DRAFT TAXATION LAW ON COMPANY ‘SUBSTANCE’ MEASURES

On 23rd October, a news release from Jersey about a draft Taxation Companies Economic Substance Law scheduled for debate by the States Assembly on 4th December.  The Law has been designed to address concerns of the EU Code of Conduct Group on Business Taxation about the need for relevant businesses to demonstrate adequate economic substance in the Island.  The legislation takes account of the responses to a public consultation and has been developed in close consultation with industry representatives and with the governments of the Crown Dependencies, which will be tabling similar proposals.

https://www.gov.je/News/2018/Pages/DraftTaxationLawLodged.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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