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There are no value added, purchase or turnover taxes in Jersey. There are excise duties on wine, spirits, tobacco, beer and motor fuel but duties are generally lower than in other European countries especially the UK. Other imported goods from outside the EU are subject to duties levied at the EU's common external tariff rate.
Capital duty of 1/2% is payable on the nominal authorised share capital by a company subject to a minimum of £50 and a maximum of £5,000. It is possible to issue share capital at a premium on which capital duty is not payable.
Stamp duty in general terms of 1/2% is payable on the first £50,000 and 1% over £50,000 on the purchase of property (realty) in the Island.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
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