Jersey has been confirmed by EU Finance Ministers ("ECOFIN") as a 'cooperative jurisdiction'.

In December 2017 ECOFIN placed Jersey, along with many other jurisdictions, in “Annex II”. This meant that Jersey had been assessed as cooperative, subject to the implementation by the end of 2018 of commitments made to the EU’s Code of Conduct Group on Business Taxation.

ECOFIN confirmed in March that Jersey had delivered on its commitment and accordingly removed Jersey from Annex II.

Jersey companies should be confident that they can demonstrate that they meet the new requirements for the EU Substance Laws where providers have high professional standards and show good corporate governance in relation to entities.

Our guide to the EU Substance Laws is here: