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Jersey Announcement on CbC Reporting including First Year Deadline Extension

01 December 2017

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Approved Changes

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Jersey

On 24 November 2017, the Jersey government published an announcement from the Director of International Tax relating to Country-by-Country (CbC) reporting in Jersey. The announcement notes three main things: 1. In addition to the jurisdictions listed for CbC exchange by the OECD, additional CbC exchange agreements will be signed and in force by 31 December 2017 with the US, the UK, Guernsey, the Isle of Man, and Hong Kong. 2. For entities whose first CbC reporting deadline is 31 December 2017, the Comptroller has agreed to a filing extension of one month to 31 January 2018. 3. The submission of...