Jersey has published the Multinational Corporate Income Tax (Chargeable MNE Group – Minimum Threshold Amount) (Jersey) Order 2024, which establishes the threshold for the exemption option for the new Multinational Corporate Income Tax (MCIT) introduced by the Multinational Corporate Income Tax (Jersey) Law 202- to ensure an effective tax rate of 15% on Jersey profits of companies and branches of in-scope groups with annual global revenue exceeding EUR 750 million. The minimum threshold amount, under which a reporting entity may elect for an exemption, is GBP 100,000 in net GloBE income for the fiscal year. The MCIT, as well an...