Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 01 MARCH 2021

Mandatory Disclosure Rules

Ogier
Explore more from Ogier

The Taxation (Implementation) (International Tax Compliance) (Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures) (Jersey) Regulations 2020 (the Regulations) are expected to come into force very soon in Jersey.

JerseyCorporate/Commercial Law
Niamh Lalor
Niamh Lalor
Matthew Shaxson
Matthew Shaxson
Author LinkedIn connections

The Taxation (Implementation) (International Tax Compliance) (Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures) (Jersey) Regulations 2020 (the Regulations) are expected to come into force very soon in Jersey.  The Regulations will primarily affect 'promoters' and 'service providers' of certain arrangements, implementing a 30 day window to report disclosable arrangements to the Jersey Comptroller of Revenue (the Comptroller).  Failure to comply may lead to financial penalties and in some instances, criminal sanctions.  It is important that intermediaries and certain taxpayers become astute to the requirements of the Regulations and ensure that they are ready and able to comply with the new reporting obligations.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Amendments To Companies (Jersey) Law 1991

The Companies (Jersey) Law 1991 has undergone significant amendments to strengthen Jersey's position as a leading international financial centre. These changes introduce enhanced flexibility in share capital management, streamlined corporate governance procedures, and modernised insolvency frameworks, all designed to provide greater clarity and efficiency for companies, investors and advisers operating in this jurisdiction.
JerseyCorporate/Commercial Law
Walkers
Walkers
Article

Shareholder Disputes In The Jersey Courts

Jersey's position as a leading jurisdiction for cross-border corporate structures means shareholder disputes are increasingly litigated in its courts. With the island set to see significant growth in special purpose vehicle usage, understanding the remedies available under Jersey law—from unfair prejudice actions to derivative claims—and how recent developments like the abolition of the shareholder rule are reshaping the litigation landscape has never been more critical for investors and corpora
JerseyCorporate/Commercial Law
Baker & Partners LLP
Baker & Partners LLP
Article

Starting Point Employment Law Guide: Starting A Business In Jersey

Jersey offers a straightforward path for establishing and operating a business, with flexible company structures, favorable tax rates, and clear regulatory frameworks. This comprehensive guide examines the essential requirements for business formation, employment regulations, licensing procedures, and property considerations that entrepreneurs and companies must navigate when entering the Jersey market.
JerseyCorporate/Commercial Law
Carey Olsen
Carey Olsen