Jersey:
Taxation In Jersey - Indirect Taxes and Duties
26 March 1999
KPMG
To print this article, all you need is to be registered or login on Mondaq.com.
There are no value added, purchase or turnover taxes in Jersey. There are excise duties on wine, spirits, tobacco, beer and motor fuel but duties are generally lower than in other European countries especially the UK. Other imported goods from outside the EU are subject to duties levied at the EU's common external tariff rate.
Capital duty of 1/2% is payable on the nominal authorised share capital by a company subject to a minimum of £50 and a maximum of £5,000. It is possible to issue share capital at a premium on which capital duty is not payable.
Stamp duty in general terms of 1/2% is payable on the first £50,000 and 1% over £50,000 on the purchase of property (realty) in the Island.
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.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
In this three-part video series, Etain de Valera and Shane Coveney provide an overview of some of the key reforms being made to the AIFMD and UCITS frameworks.
If you performed an autopsy on a family office, it wouldn't reveal a universal organisational template structure chart. Instead, its DNA would reveal the simple concept of professionalising a...
The appointment of a provisional liquidator is not often pursued as the practical implications are draconian: directors lose the ability to control and manage the company's affairs.
When you or your client think about their new Superyacht it might conjure visions of luxurious relaxation, crystal clear blue waters and basking in the sun; conversely, ...
Throughout the Middle East and Africa, there are significant variations in the Wealth Equity Indices by country. Women in this region accumulate less wealth than men at the end of their careers for many reasons.
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.