Jersey

Corporation Tax

	Rate
Corporate income tax rate	0%-20%
Branch tax rate	0%-20%
Capital gains tax rate	Not applicable

Tax rates

Since Zero/Ten came in in 2009, most Jersey companies are subject to Jersey tax at a rate of 0%. However there are exceptions to this position.

Financial Services Companies (FSC’s)

Jersey FSC’s are subject to Jersey tax at 10%.

Article 123D of the Income Tax (Jersey) Law 1961 defines a “financial services company” as follows;

(a)     is registered under the Financial Services (Jersey) Law 1998 to carry out –

(i)      investment business,

(ii)      trust company business,

(iii)     fund services business, as an administrator, custodian or registrar in relation to an unclassified fund or an unregulated fund, or

(iv)     general insurance mediation business as described in either class P or class Q in Part 3 of the Schedule to the Financial Services (Financial Service Business) (Jersey) Order 2009;

(b)     is registered under the Banking Business (Jersey) Law 1991, other than a company registered for business continuity under that Law, pursuant to Article 9A of the Banking Business (General Provisions) (Jersey) Order 2002;

(c)     holds a permit under the Collective Investment Funds (Jersey) Law 1988 by virtue of being a functionary who is an administrator, registrar or custodian mentioned in Part 2 of the Schedule to that Law;

(d)     holds either a Category A or Category B permit under the Insurance Business (Jersey) Law 1996; or

(e)     is a company trading in the provision of credit facilities to customers by way of making any advance or granting of any credit including (but not limited to) –

(i)      the provision, in connection with the supply of goods by hire purchase, leasing, conditional sale or credit sale, of credit in instalments for which a separate charge is made and disclosed to the customer, and

(ii)      any assignment to the company of an advance or credit repayable by the customer to a person other than the company.

Jersey Based Utility Companies (telephone, gas and electricity companies) / Jersey Real Estate Companies (income from rents, property development, quarrying and mining) or Companies in the Cannibis industry

The above companies are subject to Jersey tax at the standard 20% tax rate.

Large Corporate Retailers (LCR’s)

LCR’s can be subject to Jersey tax at a rate of 0%, 20% or a tapering rate between 0% and 20%.

Residence

A company is tax resident in Jersey if it is incorporated in Jersey or is incorporated elsewhere but has its place of central management and control in Jersey.
A Jersey incorporated company might not be regarded as Jersey tax resident if it is managed and controlled elsewhere.

Basis

Jersey resident companies are subject to Jersey corporate tax on their worldwide income.
A Jersey branch with a permanent establishment (PE) in Jersey is taxed on its profits attributable to the PE.
Non-resident companies are subject to tax on Jersey rental income.

Taxable income

Broadly speaking, taxable income is based on profits calculated under a generally accepted accounting standard, with certain adjustments. Capital expenditure is not generally deductible but capital allowances (a form of tax depreciation) are available for qualifying expenditure on certain asset classes as a deduction from taxable profits.

The standard corporate tax rate in Jersey is 0% for most companies. However, specific sectors and income types are subject to higher rates of 10% or 20%.

Jersey Corporate Tax Rates

Company Type/Income Source Tax Rate
Most trading and investment companies 0%
Regulated financial services companies 10%
Utility companies (e.g., gas, electricity, telecom) 20%
Income from Jersey property development, rentals, or land 20%
Income from the importation and supply of hydrocarbon oils 20%
Companies in the cannabis industry 20%
Large corporate retailers (turnover of £2m+) 0% to 20% (on a
sliding scale based on profit levels)

Significant local taxes on income

No parish or local government taxes on corporate income.

Alternative minimum tax

N/A

Taxation of dividends

In Jersey, the taxation of dividends depends on the residency of the shareholder and the tax status of the company paying the dividend.

Jersey residents generally pay a maximum of 20% income tax on worldwide dividend income.

Jersey Companies Taxed at 20%: A 20% tax credit is applied to the shareholder’s personal tax liability because the company has already paid tax on its profits at that rate. The shareholder effectively pays no additional tax.

Jersey Companies Taxed at 0% or 10%: The shareholder is liable for the full 20% income tax on the dividend received. A credit is only given for the tax rate the company paid (0% or 10%, respectively), meaning an additional 20% or 10% tax is due from the individual.

Capital gains

N/A

Losses

No distinction is drawn between different types of income or losses arising from different trades or sources, apart from Jersey property income, which is separately streamed.

Unrelieved losses may be carried forward and used to offset profits in future accounting periods. Alternatively, losses can be group relieved to group companies in the same income tax rate band.

There are only very limited circumstances where a company can obtain relief for carrying back losses.

Where a company has sustained a loss, this loss can be carried forward indefinitely and can be set off against future profits in respect of the same trade.

Foreign tax relief

There is no withholding taxes on dividends, interest or royalties paid by Jersey companies to non-residents.

Participation exemption

Jersey operates a “zero/ten” corporate tax regime, where the standard rate of corporate income tax is 0%. The concept of a specific “participation exemption” for most dividends, as found in some jurisdictions (like the UK), is largely superseded by this general 0% rate for the majority of companies.

Holding company regime

Jersey’s holding company regime offers a flexible, tax-efficient framework for international structures, featuring a favourable zero/ten tax system (0% for most holding/investment companies, 10% for others), no capital gains or stamp duty on share transfers, and modern company law based on English principles, coupled with recent Substance Requirements for specific activities like holding company business to ensure genuine economic presence in Jersey. This setup is ideal for asset holding, investment vehicles (like QAHCs for UK investment), and listings on international exchanges, providing tax neutrality at the holding level and streamlined administration.

Tax based incentives

N/A

Group relief/fiscal unity

Income Tax Group Relief
While Jersey does not permit full consolidated “group taxation,” companies can surrender certain losses to other members of the same group to offset profits.
Eligibility: Both the “surrendering” company (the one with the loss) and the “claiming” company must be taxed at the same rate (e.g., both at 10% or both at 0%).
Ownership Test: Companies must generally be members of a 51% group, meaning more than 50% of ordinary share capital is owned directly or indirectly by a common parent.
Restricted Losses: You cannot relieve losses from Jersey property rental income, property development profits, or quarrying activities against other types of profits; these must be offset against profits from the same activity.
Claiming: Claims are made through the Corporate Tax Return (Article 123F of the Income Tax Law) and require supporting documentation.

Small company/alternative tax regimes

N/A

Corporate Taxation: Compliance

Tax Year

In Jersey, the corporate tax year (referred to as the “year of assessment”) runs for the calendar year, from January 1st to December 31st.

Companies are assessed on the income earned during their financial year that ends within that applicable calendar year of assessment.

Consolidated returns

Jersey does not generally have a system for “tax consolidation” where a group of companies files a single tax return for the whole group. Instead, each company remains a separate taxable entity.

Key applications of consolidation in Jersey include:

• Corporate Tax Reporting

While each company must file its own Corporate Tax Return, consolidation rules apply to the financial statements that support these returns:
Holding Companies: If a Jersey holding company is not required to prepare separate accounts under the Companies (Jersey) Law 1991, Revenue Jersey requires the consolidated accounts of the group.
Additional Disclosures: Holding companies may still need to provide supplementary information, such as a standalone profit and loss account, to clarify the parent entity’s specific position.
Economic Substance: Larger groups may be asked for “consolidated revenue” figures during the tax return process to help the Comptroller assess global turnover and compliance with Economic Substance rules.

• Multinational Corporate Income Tax (MCIT)

Effective for accounting periods starting on or after January 1, 2025, Jersey introduced a new Multinational Corporate Income Tax (MCIT).
Pillar Two Alignment: This law is aligned with OECD Global Anti-Base Erosion (GloBE) rules.

Group Calculations: For MNE groups in scope, tax calculations involve determining a “chargeable MNE group’s MCIT net GloBE income” on a consolidated basis across Jersey constituent entities.

Filing and payment

Filing Deadline:

All Jersey incorporated companies and those incorporated elsewhere but managed and controlled in Jersey must file a corporate tax return each year.

The return for a given year of assessment must be delivered by midnight on 30 November of the following year (e.g., the 2025 return is due by 30 November 2026).

Filing Method:

Submissions are made through the Taxes Office Online Services (TOOS) portal, requiring prior online registration and an activation PIN sent by post.

Payment Dates:

Companies must calculate and pay their own income tax.

Most tax paying companies:

An instalment payment is due by 31 May, with the balance due by 30 November.

Large remitters (tax liability > £500k in the two preceding years):

An instalment is due by 31 March, with the balance due by 30 September.

Penalties

Penalties:

Late filing results in an initial penalty of £300, plus an additional £100 per month for each month it remains outstanding after three months, up to a maximum of nine months.

Late payment surcharge of 10% of unpaid tax Applied if the full tax balance is not paid by the final payment deadline (30 November), but only if the remaining balance is over £500.

Rulings

Jersey issues both general and specific tax rulings, and recent significant court decisions have clarified aspects of its tax law, particularly concerning international standards and property transactions. The Government of Jersey publishes these rulings and related guidance online.

Taxation of Individuals

Taxation of individuals table

	Rate
	Jersey Income Tax
Personal Rate (generally)	20% plus 1.5% LTC

1. Personal Income Tax Rates

Tax is payable at the rate of 20% for 2025 (20% for 2024) on net income after limited allowances.

Alternative Personal Tax Calculation

The tax office also calculates an alternative personal tax calculation (marginal rate) based on net income arising after providing for various allowances taxed at 26%.

The taxpayer’s liability is based on the lower of tax payable at the 20% rate and the marginal rate.

Long-term Care Contributions

In addition to personal income tax individual’s resident in Jersey are also liable to long-term care contributions (collected with income tax) and charged at 1.5% on gross earnings up to the upper earnings limit for social security (£317,304 for 2025 and £298,200 for 2024);

Taxation of High Value Resident (HVR)

There is also an HVR programme for High Net Worth (HNW) individuals looking to live and work in Jersey. This grants a housing and employment licence which allows HNW’s to rent or buy certain property and, if appropriate, to work in Jersey. This offers a favourable tax regime. This is by application only and considers economic and social benefits to the island.

All Jersey property income is taxed at 20%. For other income, the first £1,250,000 is subject to 20% and the balance is subject to 1%.

Residence

Residence

Individuals who spend six months or more in any one tax year, or three months or more visiting the island regularly year on year, or one night in available accommodation (own or rent property in own name or spouse’s/partner’s name) are treated as resident in Jersey for tax purposes.

Ordinarily Resident

This normally relates to where the person is habitually resident. If you are coming to the island permanently or intend to be here for 5 years or more, you will be classed as Ordinarily resident from the date of your arrival.

If you are coming to the island and your employment contract is for less than four years you will be considered Resident only, unless your circumstances alter.

Short Term Visitors

From 2024, short-term business visitors who work in Jersey for 60 days or fewer each year are not liable for income tax. The day count (including days of arrival and departure) is cumulative meaning workers can come and go throughout the year if their total day count does not exceed 60.

Categories of Tax Residence

• Resident and ordinarily resident (“ROR”) – liable to tax on worldwide income in Jersey;

• Resident but not ordinarily resident (“RNOR”) – liable to tax on income arising in Jersey and remittances of non-Jersey sourced income.
• Non-resident (“NR”) – liable to tax on income arising in Jersey, with some exceptions, the main one being Jersey bank interest.

Residency rules are currently being reviewed with possible changes expected in the future.

Basis

Jersey’s personal tax system operates primarily on a current year basis (CYB)

Taxable income

Most types of income are taxable in Jersey.

Employment income: Includes wages, overtime, bonuses, commissions, tips, and benefits in kind. The first £50,000 of a redundancy or termination payment is tax-free.
Self-employment profits: Income from a trade or profession, including casual or weekend work.
Pensions: Most pensions, including the Jersey state pension, company, and personal pensions, are taxable.
Property income: Rental and lodging income, even from letting out a room.
Savings and investment income: This includes interest and dividends, but some specific Jersey bank interest and certain Channel Islands Co-operative Society dividends may be exempt.

Non-Taxable Income

Certain types of income are exempt from Jersey income tax:

Income support and various social security benefits (such as short-term incapacity allowance or parental grants).
Payments related to injury, death, or disability.
Lottery wins and capital gains from selling personal items (unless regularly trading with intent to profit).
Wounds and disability pensions from armed forces service.

Capital gains

N/A

Deductions and allowances

There are various personal allowance available to Jersey residents. These are time apportioned for individuals arriving or leaving the island in a tax year. Non-residents are not entitled to personal allowances.

Allowances for 2025 and 2024 are as follows:
Allowances 2025 2024
Child allowance (per child) £3,850.00 £3,700.00
Single parent allowance £5,750.00 £5,550.00
Exemption limit: Single person £20,700.00 £20,000.00
Exemption limit: Married person/civil partner £33,200.00 £32,050.00

There are also allowances for persons over the age of 65 and certain dependant relatives. Tax relief is also available for childcare costs in certain cases.

Foreign tax relief

Jersey provides foreign tax relief primarily through double taxation agreements (DTAs), which offer a tax credit system, or, in limited circumstances where no DTA exists, through unilateral relief measures.

Taxation of Individuals: Compliance

Tax year

The Jersey personal tax year is the calendar year, running from 1 January to 31 December.

Filing and payment

Tax returns for a given year are typically issued in January of the following year. The filing deadlines are:

31 May for paper tax returns
31 July for online tax returns

There are two methods to pay;

• For employees, tax is deducted via a withholding tax system called ITIS (Income Tax Instalment System). Tax is deducted monthly on a current year basis (“CYB”). Individuals who pay monthly may also be required to make a balancing payment by 30 November.
• For anyone who is not employed or where they are employed but their employment earnings forms 25% or less of their total income, they are required to make payments on account. The first payment on account for the next year of assessment is made in advance on 30 November alongside any balancing payment due for the current year of assessment. A second payment on account is then due on 30 May of the year of assessment. Each payment is based on 50% of prior year’s tax due.

Individuals who registered for tax in Jersey from 2006 or returned to Jersey after an absence pay their tax liability on a CYB. However, individuals who were existing Jersey taxpayers before 2006 paid tax on a prior year basis (“PYB”) unless they opted to pay in advance and move to a current year basis.

On 4 November 2020 the States Assembly agreed to move all PYB taxpayers onto CYB.

Penalties

An initial late filing penalty of £300 is issued if the return is submitted late. Where the return remains outstanding for three months, a further penalty of £50 is issued for each month the return is late, up to a maximum of nine months.

Any tax unpaid will give rise to a 10% surcharge. New legislation introducing late payment interest is expected soon.

Rulings

Proposed changes in the Draft Finance (2026) Budget (Jersey) Law

The Draft Finance legislation is currently being debated – if agreed the following will come into effect from 1 January 2026:

• Exemption limit: Single person will increase from £20,700 to £21,250.
• Child Allowance will increase from £3,850 to £3,950.
• Single Person allowance will increase from £5,750 to £5,900.
• Relocation expenses will increase from £7,500 to £15,000 without incurring a benefit in kind (these must be actual expenses and reasonable under the circumstances).
• The Goods and Services Tax penalty regime is being aligned with the Income Tax legislation.
• Following a case through the Royal Court of Jersey in 2025, Revenue Jersey have extended the scope to ensure profits made by Jersey property development trades in respect of Jersey land, however structured, will be taxed at 20%.
• Schedule A has been extended to include all occupation from land except in a couple of cases and has been removed from Schedule D.
• If a person dies an assessment needs to be made within 1 year and 1 day of death. Revenue Jersey will issue a default assessment if a return is not submitted on time. They will amend this assessment once the final return is submitted.
• Long term care contributions will come within the penalty regime.
• Amendments are being made to ensure that deemed dividends (for Jersey tax purposes) made between 2009 and 2012 are not taxed on the taxpayer when an actual dividend is made and allocated against those specified reserves.
• Offset of overpayments will now include Social Security – so overpayments can be reallocated against Income Tax, Goods and Services and now Social Security debts.

Withholding Taxes

Withholding taxes table

N/A

Branch remittance tax

N/A

Anti-avoidance legislation

Transfer pricing

No specific rules in relation to transfer pricing in Jersey.

Interest restriction

Interest relief may be restricted where the interest incurred exceeds the amount that could reasonably be expected to be charged on a commercial basis.

Controlled foreign companies

There is no CFC legislation in Jersey

Hybrid mismatches

Mandatory Disclosure Regime (MDR): Legislation aligned with OECD rules requires reporting of certain CRS avoidance arrangements and opaque structures.

Jersey has formally committed to the OECD model of CbC reporting since 1 January 2016. In addition, Jersey has signed up to the Multilateral Competent Authority Agreement (MCAA) to assist with the sharing of relevant information in relation to CbC reporting, as well as broadly adopting the OECD’s CbC reporting implementation package, to facilitate its implementation of this Base Erosion and Profit Shifting (BEPS) minimum standard.

Multinationals with global revenues of EUR 750 million or more are required to file annual reports to tax authorities at three levels. The first element is a ‘country-by-country report’ that gives a detailed picture of business results for each country where the business operates (including things like number of employees, revenues, pre-tax profit, and taxes paid). Companies will also need to give an overall picture of their global business, aggregating data from all of the countries where one operates. In addition, companies will be required to report separately to each country where they operate with business and tax information about the local entities and operations in that country.

The disclosure of this business information will be accessible, through automatic information exchanges, to tax authorities wherever they have a presence (subject to certain conditions). Groups will need to consider how to explain their operational purpose of business arrangements, which may include tax advantages.

The deadline for submission of the CbC report to the Jersey tax authority is within 12 months of the end of the accounting period to which it relates.

Exit taxes

N/A

General anti-avoidance rule

There is a general anti-avoidance provision in Jersey tax law which could be applied by Revenue Jersey if a transaction or a combination or series of transactions is entered into for the avoidance or reduction of Jersey income tax.

Digital services tax and Other significant anti-avoidance legislation

Jersey does not currently have a dedicated Digital Services Tax (DST) targeting revenue from tech giants. Instead, it applies a 5% Goods and Services Tax (GST) on digital services and imported products.

Value-added tax/Goods and services tax

Type of tax

Jersey introduced a goods and service tax (GST) on 1 May 2008. Initially set at 3% the rate was increased to 5% in 2010.

Standard rate

5%

Reduced rates

Goods imported into Jersey with a total value (including shipping) of less than £60

Registration

Jersey GST registration is mandatory if your business makes taxable supplies of goods or services in Jersey exceeding £300,000 in the previous 12 months, or expects to exceed this threshold in the next 12 months. Overseas retailers selling to Jersey consumers must register if they meet this threshold.
Business below the threshold can volunteer to register.

Filing and payment

For most businesses, returns and payments are due by 30 April, 31 July, 31 October, and 31 January.

Social Security Contributions

Employers and employees

For 2026, Employee social security contributions are due at 6% on gross monthly earnings up to £6,062 (£5,800 for 2025 and £5,450 for 2024). Employer contributions are due at 6.5% on the same earning limit, and at 2.5% on earnings above this and up to an upper earnings monthly limit of £27,632 (£26,442 for 2025 and £24,850 for 2024)  (https://www.gov.je/Working/Contributions/Employers/Pages/Tables.aspx).

Self-employed

Self employed individuals are required to contribute 12.5% up to the standard earnings limit and also 2.5% on their earnings above this up to the upper earnings limit.

Other Taxes

Capital duty

Jersey does not levy capital gains taxes

Immovable property taxes

Immovable property in Jersey is subject to stamp duty (or Land Transaction Tax)

Transfer tax

See Land Transaction Tax in Stamp Duty section

Stamp duty

Jersey stamp duty (officially called Land Transaction Tax or LTT is a tax on property on the purchases and mortgages used to purchase property or shares in a share transfer company owning Jersey properties where ownership is instead transferred via shares in a company, not direct land registry transfer that give the right to occupy property, rather than direct property title transfers.

LTT applies to ownership changes, trusts, and security interest agreements, with rates varying based on the property’s market value, often aligned with stamp duty.

2026 Primary Residence (Standard Rate):

£0 – £50,000: 0.5% (minimum £10).
£50,001 – £300,000: 1.5%.
£300,001 – £500,000: 2.0%.
£500,001 – £700,000: 3.0%.
£700,001 – £1,000,000: 3.5%.
Over £6,000,000: 11%.

Non-Principal Residence (Higher Rate):

For 2026 only, the surcharge is reduced to 2 percentage points above the standard rate.
This is a decrease from the 3% surcharge applied in previous years.

First-Time Buyers:
Relief applies to properties valued up to £700,000.
0% rate on the first £350,000.
A sliding scale applies between £350,000 and £700,000.

Net wealth/worth tax

Jersey offers a competitive tax regime for high-net-worth individuals (HNWIs) through its High Value Residency (HVR) program, typically charging 20% on the first £1.25 million of worldwide income and 1% on income exceeding that amount, subject to a minimum annual tax contribution, often around £250,000

Inheritance/gift taxes

Jersey does not levy inheritance or gift taxes

Other

Enveloped Property Tax (EPTT): Similar taxes apply to “enveloped” property (property owned by a company/structure) to ensure parity with stamp duty on direct conveyances.

Exemptions: Specific concessions exist, particularly when transferring shares to a secured party (lender) as part of a security interest agreement.

Tax Treaties

Tax treaties

Jersey maintains an extensive network of international tax agreements to prevent double taxation and ensure tax transparency.

As of March 2026, these are categorised into full Double Taxation Agreements (DTAs), partial agreements, and Tax Information Exchange Agreements (TIEAs).

Full Double Taxation Agreements (DTAs)

These comprehensive treaties apply to most taxpayers and cover various income types to prevent double taxation.

Active Agreements: Cyprus, Estonia, Guernsey, Hong Kong, Isle of Man, Liechtenstein, Luxembourg, Malta, Mauritius, Qatar, Rwanda, Seychelles, Singapore, United Arab Emirates, and the United Kingdom.

Recent Developments: A new full DTA with Bahrain was recently lodged for approval in early 2026 to enable it to come into force.

Partial Double Taxation Agreements

Often referred to as “mini” DTAs, these typically focus on specific groups like individuals, or specific income types such as pensions, interest, or shipping and aircraft profits.

Participating Jurisdictions: Australia, Denmark, Faroes, Finland, France, Germany, Greenland, Iceland, Ireland, Japan, New Zealand, Norway, Poland, and Sweden.

Note: An amendment to the agreement with Ireland was recently implemented via a protocol in May 2025.

Tax Information Exchange Agreements (TIEAs)

TIEAs allow for the exchange of information on request to help enforce domestic tax laws but do not necessarily eliminate double taxation.

Global Reach: Jersey has signed TIEAs with 38 jurisdictions, including the United States, China, India, Brazil, Canada, and several EU member states.