Income Tax
(Amendment No. 27) (Jersey) Law 2007
A LAW to amend further the Income Tax
(Jersey) Law 1961
Adopted by the
States 16th January 2007
Sanctioned by
Order of Her Majesty in Council 13th June 2007
Registered by the
Royal Court 22nd
June 2007
THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have
adopted the following Law –
1 Article 123 amended
For paragraph (1) of Article 123 of the Income Tax
(Jersey) Law 1961[1] there shall be substituted
the following paragraph –
“(1) Except as provided in Article
123A –
(a) a company incorporated under the Loi (1861)
sur les Sociétés à Responsabilité Limitée or
the Companies (Jersey) Law 1991[2] shall be regarded as resident in Jersey unless –
(i) its business is centrally managed and controlled outside Jersey
in a country or territory where the highest rate at which any company may be
charged to tax on any part of its income is 20% or higher, and
(ii) the company is resident for tax
purposes in that country or territory;
(b) a company incorporated outside Jersey shall
be regarded as resident in Jersey if its business is managed and controlled in
Jersey.”.
2 Citation and years of assessment for which Law has effect
This Law may be cited as the Income Tax (Amendment No. 27)
(Jersey) Law 2007 and shall have effect for the year of assessment 2007 and
ensuing years.
m.n. de la haye
Greffier of the States