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10.1. Specific Incentives

The primary incentive for business in Jersey is the fact that the corporate income tax (CIT) rate is 0% for most business types. Business types and activities where corporate income tax is levied include the following:

  • Financial services entities are subject to 10% CIT
  • Public utility companies providing electricity, water, gas, telecommunications and postal services are subject to 20% CIT
  • Profits from the importation of oil are subject to 20% CIT
  • Rental income and profits from property development and the exploitation of land are subject to 20% CIT

In addition, Jersey levies no capital gains tax, remittance tax, and generally no withholding tax.

Aside from the minimal taxes, no other incentives are provided.