Jersey
Taxation in Jersey
Recent forum posts
-
Company Formation in Dubai
With over 25 years of experience in the industry, we have become one of the leading business consulting firm in UAE. With no compromise in the core values of integrity, trust, client satisfaction, and ethics, we have been providing high quality business services for clients all across the world. With the strong client support, we have successfully expanded our footprints in the UAE with 9 offices
Total Posts: 3 Last post by gabrielmarsh
-
Starting a new business in India
Hi,I am a young entrepreneur from India. If anyone from outside India is looking for business partner in India then please contact with me. My Email id is caanilpandav@gmail,comThanks and Regards,Anil
Total Posts: 3 Last post by gabrielmarsh
Taxation in Jersey
Income Tax
The standard rate of income tax for businesses is 0%. Specific regulated firms in the finance sector have to pay tax at 10% under the new legislation. Additionally, there will be provisions applied to locally owned businesses so that the local beneficial owners will be required to pay taxation on the income of the company at the normal personal rate of tax of 20%.
Employers are required to deduct income tax from their employees' wages.
As of this year, a goods and services tax is being established at a rate of 5%.
Corporate Tax
In Jersey there is no capital gains tax, capital transfer tax, purchase or sales tax. The only significant tax is income tax, which is levied on persons or 'bodies of persons' which expression includes companies. There are some administrative charges in addition. There are stamp duties on the transfer of immovable property (up to 1%) and individual parishes levy property taxes.