Pillar Two Dashboard: Jersey Articles

On October 22, 2024, Jersey enacted the Multinational Corporate Income Tax (Jersey) Law 202 and the Multinational Taxation (Global Anti-Base Erosion – IIR Tax) (Jersey) Law 202 to provide for the IIR and MCIT from January 1, 2025.

Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Jersey for accounting periods beginning on or after January 1, 2025. Updated for the draft legislation issued on August 14, 2024.

On May 22, 2024, Jersey announced it will be implementing an Income Inclusion Rule (IIR) and a new standalone multinational corporate income tax for accounting periods beginning on or after January 1, 2025.