Jersey on Income Tax

Jersey has passed legislation to implement the OECD's global minimum tax rate of 15%, known as "Pillar 2", which will apply for fiscal years commencing on or after 1 January 2025. Recap – What is Pillar 2?

Now more than ever, Revenue Jersey are carrying out a variety of compliance based activities in an effort to minimise Jersey's tax gap and raise additional revenue for the island.

The draft legislation is expected to be debated in early October, with a view to the new rules coming into effect on 1 January 2025.