Jersey has published the Taxation (Companies - Economic Substance) (Amendment No. 2) (Jersey) Law 202-, which was adopted by the States Assembly on 10 February 2021 and is currently pending sanctioning and registration by the Royal Court. The Law amends the Taxation (Companies – Economic Substance) (Jersey) Law 2019 to extend Jersey's economic substance regime to self-managed funds, including that such funds must satisfy the economic substance test. A self-managed fund meets the economic substance test if: Having regard to an activity carried on in Jersey: there are an adequate number of employees in relation to that activity who are...