🇯🇪 Tax Overview — Jersey & Guernsey

Private Limited Company (Ltd)

Jersey and Guernsey operate a 0/10/20 corporate tax regime. The standard rate is 0% for most companies. Financial services companies (banks, fund managers, trust companies, insurers) pay 10%. Utility companies and large corporate retailers in Jersey pay 20%. Guernsey's regime is similar with 0% standard and 10% for regulated financial services. There is no VAT, no capital gains tax, no inheritance tax, and no withholding tax on dividends paid by Channel Islands companies. Jersey has GST (Goods and Services Tax) at 5%, but this applies to local goods and services only — it does not affect international holding structures. Individual income tax is 20% flat in both islands. The Economic Substance rules require companies tax-resident in the islands to demonstrate adequate substance for their relevant activities.