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Jersey Consulting on Extension of Economic Substance Regime to Partnerships

04 February 2021

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Proposed Changes

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Jersey

The Jersey government has announced the launch of a consultation on the extension of Jersey's economic substance regime to partnerships. The consultation runs from 1 February to 1 March 2021. --- Introduction The purpose of this consultation is to examine the extension to partnerships of economic substance rules that currently apply to Jersey resident companies. The reason why the economic substance regime is being extended to partnerships is to fully meet commitments the Government of Jersey gave to the EU Code Group in 2018. Revenue Jersey is again working closely with the tax authorities in the other Crown Dependencies on...