GloBE Country Guide: Jersey

Summary

Status	Enacted Law
Law	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. Multinational Taxation (Global Anti-Base Erosion – IIR Tax) (Jersey) Law 202\| Multinational Corporate Income Tax (Jersey) Law 202
Effective Date	Financial years beginning on or after January 1, 2025
IIR	Yes (2025)
UTPR	No
QDMTT	No
Filing Deadlines	Standard
Safe Harbours	All are transposed from the OECD Consolidated Commentary (where relevant)

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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