Jersey And The Global Minimum Tax – Key Compliance Dates

The implementation of the OECD's global minimum tax rules (Pillar Two) brings new registration and filing obligations.

What You Need to Know

• Jersey has adopted legislation to implement the OECD's global minimum tax rules (Pillar Two).
• The legislation is now in effect for fiscal years beginning on or after 1 January 2025. It brings in a range of new registration and filing obligations, including the GloBE Information Return, which has up to 480 data points.
• Taxpayers should be preparing now to meet these obligations. Penalties and surcharges may apply where deadlines are missed.
• In June 2025, the Group of Seven (G7) reached an agreement on global minimum taxes. The agreement, which still needs to be implemented, may ultimately simplify how Jersey's Pillar Two legislation applies to subsidiaries of US-parented groups.