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Jersey Publishes Amendments to Economic Substance Law

02 July 2019

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Approved Changes

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Jersey

Jersey has published the Taxation (Companies – Economic Substance) (Amendment) (Jersey) Law 201-, which was adopted by the States Assembly on 4 June 2019 and is currently pending sanctioning and registration by the Royal Court. The Law amends the Taxation (Companies – Economic Substance) (Jersey) Law 2019 with effect from 1 January 2019 to provide that information on companies that fail to meet the economic substance test may be exchanged with any jurisdiction (not just the EU), as long as the exchange is provided for under a bilateral agreement between Jersey and a jurisdiction or under the Mutual Assistance Convention....