What is the profits tax rate of a Jersey company?
As of Jan 2009, the tax-exempt status for Jersey incorporated companies in which no Jersey resident has beneficial interest is no longer available. The new corporate tax regime, also known as zero/ten regime has been introduced to comply with EU regulations and negate unequal tax treatment between local and foreign companies. Under the new regime, companies incorporated in Jersey which are tax resident or have a permanent establishment in the country would be subject to 0% income tax rate. Companies opearting in utility, rental and property development business will be charged at 20% on income.