Coronavirus & Economic Substance

March 12, 2020

Revenue Jersey has issued guidance with regards to the implications of Coronavirus for Economic Substance determinations and the impacts on tax residence of companies.  Click here to view release.

Commenting on the guidance, Tim Morgan, Chair of the JFA, said:

"The publication of this guidance is a welcome move and a proportionate response from Revenue Jersey that should provide fund managers with some reassurance and help ensure that they can continue to fulfil their substance obligations.'