Jersey Tax Rates 2025

Jersey - Corporate Income Tax

• Standard Rate: The standard rate of corporate income tax in Jersey is 0%.
• 10% Rate: A 10% rate applies to certain financial service companies.
• Pillar 2: Jersey has adopted legislation to implement the OECD's Pillar 2 global minimum tax framework.
  This means that for accounting periods starting on or after 1 January 2025, in-scope Jersey companies and branches of multinational groups will pay an effective tax rate of 15% on their Jersey profits under the Multinational Corporate Income Tax (MCIT).
• Tax Resident Companies: Companies are generally considered tax resident in Jersey if they are incorporated in Jersey or managed and controlled from Jersey.

Individual Income Tax

• Tax Residence: Individuals are generally tax resident in Jersey if they are present in Jersey for more than 182 days in a calendar year.
• Tax Rate: Jersey residents are taxed on their worldwide income at a flat rate of 20%.
• Exemptions: Jersey has a system of personal income tax exemptions.
• Non-Residents: Non-residents are generally only taxed on Jersey-source income, with some exceptions.

Goods and Services Tax (GST)

• GST Rate: The standard rate of GST in Jersey is 5%.
• Taxable Supplies: GST is levied on the supply of most goods and services in Jersey.
• Exemptions: Certain supplies are exempt from GST.

Stamp Duty

• Property Transfers: Stamp duty is payable on the transfer of Jersey property.
  The amount of duty varies depending on the value of the property.
• Group Relief: New group relief provisions reduce the stamp duty payable on transactions between companies in the same group to a nominal rate.

Other Taxes

• Land Transaction Tax: This is a tax on the purchase of land in Jersey.
• Important Considerations for Foreign Investors
• Tax Treaties: Jersey has entered into tax agreements with other countries.
• Economic Substance: Jersey has economic substance legislation, which requires companies carrying on certain activities to demonstrate that they have sufficient economic substance in the island.
• Compliance: Businesses and individuals in Jersey must comply with Jersey's tax laws and regulations.