A second piece of guidance on aspects in relation to economic substance requirements has been jointly issued by the Crown Dependencies. This document provides additional guidance on the scope and application of the economic substance legislation.
This guidance is being published now, to enable industry to engage and provide feedback, however is to be treated as a work in progress recognising that further technical aspects will develop through further discussions with the Organisation for Economic Co-operation and Development Forum on Harmful Tax Practices and the European Union Code of Conduct Group on Business Taxation.
The tax administrations from the Crown Dependencies will continue to work together to further develop this guidance which will be updated periodically, and will be complemented by Island specific guidance.
The guidance is principles based and therefore, cannot cover specific scenarios and will not replace the need to take independent professional advice.
Whilst the terms used within each Island’s legislation may differ slightly, the text of this joint document is drafted in a generic manner so as to explain the scope and application of the legislation as it will be across all three Islands.
This document should be read in conjunction with the jointly issued document Key aspects in relation to economic substance requirements and the legislation applicable in each Island, which can be found at:
Jersey Taxation (Companies-Economic Substance) Law 2019
Isle of Man isle-of-man-legislation-income-tax-substance-requirements-order-2018.pdf
Guernsey https://www.gov.gg/economicsubstance
Any comments should be directed to the respective tax administrations in Guernsey, the Isle of Man or Jersey.
Read the full guidance document here
Nov 28, 2023
Nov 9, 2023
Oct 31, 2023
Oct 24, 2023
Oct 23, 2023
Oct 20, 2023
Oct 20, 2023
Oct 16, 2023
Oct 13, 2023
Oct 10, 2023
Oct 10, 2023
Oct 10, 2023
Oct 2, 2023
Oct 2, 2023
Sep 29, 2023
Sep 27, 2023
Sep 14, 2023
Jul 27, 2023
Jul 25, 2023
Jul 24, 2023
Jul 20, 2023
Jul 19, 2023
Jul 18, 2023
Jul 17, 2023
Jul 13, 2023
Jul 4, 2023
Jul 3, 2023
Jul 3, 2023
Jun 30, 2023
Jun 12, 2023
May 24, 2023
May 4, 2023
May 4, 2023
May 4, 2023
May 3, 2023
Apr 19, 2023
Apr 18, 2023
Mar 21, 2023
Mar 17, 2023
Mar 8, 2023
Feb 28, 2023
Feb 14, 2023
Feb 7, 2023
Feb 2, 2023
Jan 24, 2023
Jan 23, 2023
Jan 18, 2023
Jan 13, 2023
Jan 6, 2023
Jan 6, 2023
Jan 4, 2023
Jan 3, 2023
Jan 3, 2023
Dec 22, 2022
Dec 14, 2022
Dec 12, 2022
Dec 7, 2022
Nov 28, 2022
Nov 22, 2022
Nov 22, 2022
Nov 21, 2022
Nov 14, 2022
Nov 8, 2022
Oct 26, 2022
Oct 21, 2022
Oct 17, 2022
Sep 27, 2022
Sep 27, 2022
Sep 22, 2022
Aug 12, 2022
Jul 27, 2022
Jul 21, 2022
Jul 20, 2022
Jul 7, 2022
Jun 30, 2022
Jun 30, 2022
Jun 29, 2022
Jun 28, 2022
Jun 15, 2022
May 19, 2022
May 18, 2022
May 17, 2022
May 13, 2022
May 9, 2022
Apr 28, 2022
Apr 8, 2022
Apr 4, 2022
Mar 28, 2022
Mar 16, 2022
Mar 7, 2022
Mar 1, 2022
Feb 7, 2022
Feb 1, 2022
Jan 21, 2022
Dec 21, 2021
Dec 6, 2021
Nov 9, 2021
Oct 25, 2021
Oct 12, 2021
Oct 12, 2021
Oct 4, 2021
Oct 4, 2021
Oct 4, 2021
Oct 4, 2021
Oct 4, 2021
Aug 31, 2021
Aug 31, 2021
Aug 31, 2021
Aug 10, 2021
Aug 10, 2021
Jul 26, 2021
Jul 15, 2021
Jun 29, 2021
Jun 9, 2021
Jun 2, 2021
Jun 2, 2021
Jun 2, 2021
Jun 2, 2021
Jun 2, 2021
Jun 2, 2021
May 13, 2021
May 13, 2021
May 7, 2021
May 4, 2021
Apr 27, 2021
Apr 27, 2021
Apr 27, 2021
Apr 27, 2021
Apr 22, 2021
Apr 20, 2021
Apr 20, 2021
Apr 1, 2021
Mar 31, 2021
Mar 30, 2021
Mar 29, 2021
Mar 26, 2021
Mar 25, 2021
Mar 10, 2021
Feb 23, 2021
Feb 17, 2021
Feb 12, 2021
Feb 2, 2021
Feb 2, 2021
Feb 2, 2021
Feb 2, 2021
Feb 2, 2021
Feb 2, 2021
Jan 19, 2021
Jan 15, 2021
Jan 15, 2021
Jan 15, 2021
Jan 11, 2021
Dec 23, 2020
Dec 3, 2020
Dec 1, 2020
Dec 1, 2020
Nov 30, 2020
Nov 17, 2020
Nov 5, 2020
Nov 2, 2020
Oct 22, 2020
Oct 22, 2020
Oct 20, 2020
Oct 13, 2020
Oct 7, 2020
Oct 1, 2020
Oct 1, 2020
Sep 30, 2020
Sep 29, 2020
Sep 29, 2020
Sep 29, 2020
Sep 24, 2020
Sep 23, 2020
Sep 23, 2020
Sep 21, 2020
Sep 16, 2020
Sep 16, 2020
Sep 14, 2020
Sep 7, 2020
Aug 24, 2020
Aug 24, 2020
Aug 13, 2020
Aug 13, 2020
Aug 13, 2020
Aug 5, 2020
Aug 4, 2020
Jul 30, 2020
Jul 30, 2020
Jul 30, 2020
Jul 29, 2020
Jul 28, 2020
Jul 27, 2020
Jul 27, 2020
Jul 27, 2020
Jul 24, 2020
Jul 24, 2020
Jul 13, 2020
Jul 13, 2020
Jul 7, 2020
Jun 30, 2020
Jun 29, 2020
Jun 29, 2020
Jun 29, 2020
Jun 25, 2020
Jun 22, 2020
Jun 3, 2020
May 28, 2020
May 28, 2020
May 28, 2020
May 18, 2020
May 18, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
May 1, 2020
Apr 17, 2020
Mar 17, 2020
Mar 16, 2020
Mar 13, 2020
Mar 11, 2020
Feb 28, 2020
Feb 28, 2020
Feb 28, 2020
Feb 20, 2020
Feb 20, 2020
Jan 27, 2020
Jan 24, 2020
Jan 24, 2020
Jan 23, 2020
Dec 18, 2019
Dec 17, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Dec 16, 2019
Nov 25, 2019
Nov 25, 2019
Nov 25, 2019
Nov 25, 2019
Nov 22, 2019
Nov 14, 2019
Nov 14, 2019
Nov 13, 2019
Nov 13, 2019
Nov 12, 2019
Nov 12, 2019
Nov 12, 2019
Nov 6, 2019
Oct 21, 2019
Oct 21, 2019
Oct 17, 2019
Oct 15, 2019
Oct 15, 2019
Oct 15, 2019
Oct 4, 2019
Oct 4, 2019
Sep 27, 2019
Sep 27, 2019
Sep 27, 2019
Sep 27, 2019
Sep 25, 2019
Sep 19, 2019
Sep 18, 2019
Sep 10, 2019
Aug 30, 2019
Aug 30, 2019
Aug 30, 2019
Aug 29, 2019
Aug 29, 2019
Aug 29, 2019
Aug 29, 2019
Aug 29, 2019
Aug 29, 2019
Aug 29, 2019
Aug 29, 2019
Aug 15, 2019
Aug 2, 2019
Aug 2, 2019
Aug 1, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 31, 2019
Jul 12, 2019
Jun 28, 2019
Jun 28, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 27, 2019
Jun 19, 2019
May 31, 2019
May 31, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 30, 2019
May 23, 2019
May 7, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
May 1, 2019
Mar 29, 2019
Mar 29, 2019
Mar 29, 2019
Mar 29, 2019
Mar 29, 2019
Mar 29, 2019
Mar 20, 2019
Mar 20, 2019
Mar 20, 2019
Mar 20, 2019
Mar 14, 2019
Mar 6, 2019
Feb 25, 2019
Feb 25, 2019
Feb 19, 2019
Feb 19, 2019
Feb 19, 2019
Feb 19, 2019
Feb 15, 2019
Feb 4, 2019
Feb 1, 2019
Feb 1, 2019
Feb 1, 2019
Feb 1, 2019
Jan 24, 2019
Jan 17, 2019
Jan 14, 2019
Jan 11, 2019
Jan 10, 2019
Jan 7, 2019
Dec 17, 2018
Nov 8, 2018
Nov 1, 2018
Oct 30, 2018
Oct 29, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018
Oct 19, 2018