Taxation
Jersey levies tax on income only: there are no taxes on capital, capital gains, inheritances, gifts, sales or turnover and there is no VAT. Companies incorporated in Jersey, or overseas companies controlled in Jersey or having a branch office in the Island, are subject to Jersey Income Tax on their world-wide income at the standard rate of 20%, unless they apply for tax exemption or for classification as an International Business Company. The island is considered a ‘white listed’ jurisdiction by the OECD as they have signed the minimum 12 tax treaties with governments throughout the world.
Latest In Taxation