Jersey, Channel Islands
The Channel Islands, located in the English Channel, are constitutionally separate from the United Kingdom and France and, to all intents and purposes, are self-governing. Jersey, a British Crown dependency, is the largest of the Channel Islands. It is divided into 12 parishes, with Saint Helier as the capital. The official language of Jersey is English, and the currency is the British pound sterling (GBP). The state of Jersey is an effective legislator and government and ‘runs’ the island at a local level.
Jersey is one of the world’s major international finance centres, with a stable political, legal, and fiscal infrastructure and government. The Island is well regulated and has high standards of international telecommunications, information technology, postal, and courier services.
At PwC, we aim to deliver outstanding service to our clients and their organisations, putting relationships, integrity, and quality at the heart of our approach. Locally, the PwC Channel Islands firm has one of the largest and most experienced corporate and personal tax departments in the Islands, with offices in Jersey and Guernsey. The breadth of knowledge and expertise, and the international perspective offered by our tax specialists, has been gained through working in a number of firms' tax practices within the PwC global network. We are able to assist businesses and individuals with both local and international tax challenges. Our approach embraces all aspects of tax problem solving, from ideas to implementation, by blending the skills of financial and tax specialists with economists, lawyers, and our other in-house experts, as necessary. Locally, the PwC Channel Islands firm is highly respected for being at the forefront of the public debate on tax policy, rules, and regulations.
|Corporate income tax (CIT) rates|
|Headline CIT rate (%)||
0, with certain financial services companies paying 10, and utility companies, large corporate retailers, and cannabis businesses paying 20.
|Corporate income tax (CIT) due dates|
|CIT return due date||
For companies and partnerships: Midnight on 30 November following the year of assessment with effect from the 2022 year of assessment (filing November 2023).
2021 and previous years of assessment were due by 31 December following the year of assessment.
|CIT final payment due date||
30 September for large remitters and 30 November for all other companies (in the year following the year of assessment).
|CIT estimated payment due dates||
The first instalment payment is due by 31 March for large remitters and 31 May for all other companies (in the year following the year of assessment).
|Personal income tax (PIT) rates|
|Headline PIT rate (%)||
|Personal income tax (PIT) due dates|
|PIT return due date||
Paper filing: 31 May;
Electronic filing: 31 July
|PIT final payment due date||
|PIT estimated payment due dates||
|Value-added tax (VAT) rates|
|Standard VAT rate (%)||
Goods and Services Tax (GST): 5
|Withholding tax (WHT) rates|
|WHT rates (%) (Dividends/Interest/Royalties)||
|Capital gains tax (CGT) rates|
|Headline corporate capital gains tax rate (%)||
|Headline individual capital gains tax rate (%)||
|Net wealth/worth tax rates|
|Headline net wealth/worth tax rate (%)||
|Inheritance and gift tax rates|
|Headline inheritance tax rate (%)||
There is no inheritance tax. However, probate stamp duty is charged on a deceased person's moveable estate up to 0.75% (capped at GBP 100,000).
|Headline gift tax rate (%)||