The Jersey government has updated its guidance page on economic substance for companies with a notice on economic substance in light of the COVID-19 pandemic. --- Coronavirus (COVID-19) and economic substance Where companies operating practices have to be adjusted to compensate for the Coronavirus outbreak, the Comptroller will not determine under Article 6, Taxation (Companies- Economic Substance) (Jersey) Law 2019, that a company has failed the economic substance test. Where a company incorporated in another jurisdiction has been tax resident on the basis of control and management in Jersey, and the Comptroller considers that any changes dictated by the Corona...