Jersey Gazettes Law Amending Economic Substance Requirements for Resident Companies

The Jersey Official Gazette Oct. 21 published a law amending economic substance requirements for resident companies. The law includes measures: 1) defining fund management businesses and Jersey core income-generating activities; 2) determining the extent of relevant activities carried out in Jersey by specific tax-resident entities; 3) supplementing current requirements for companies to be directed and managed in Jersey; and 4) outlining circumstances when an exchange of information with foreign competent authorities is required. The law entered into force Jan. 1. [Jersey, Government Legal Database, 10/21/19]

Reference:
View Taxation (Companies - Economic Substance) (Amendment) (Jersey) Law 2019. View Gazette Index ...