Income Tax (Amendment No. 27) (Jersey) Law 2007

Income Tax (Amendment No. 27) (Jersey) Law 2007 A LAW to amend further the Income Tax (Jersey) Law 1961 Adopted by the States 16th January 2007 Sanctioned by Order of Her Majesty in Council 13th June 2007 Registered by the Royal Court 22nd June 2007 THE STATES , subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law – 1 Article 123 amended For paragraph (1) of Article 123 of the Income Tax (Jersey) Law 1961 [1] there shall be substituted the following paragraph – “(1) Except as provided in Article 123A – (a) a company incorporated under the Loi (1861) sur les Sociétés à Responsabilité Limitée or the Companies (Jersey) Law 1991 [2] shall be regarded as resident in Jersey unless – (i) its business is centrally managed and controlled outside Jersey in a country or territory where the highest rate at which any company may be charged to tax on any part of its income is 20% or higher, and (ii) the company is resident for tax purposes in that country or territory; (b) a company incorporated outside Jersey shall be regarded as resident in Jersey if its business is managed and controlled in Jersey.”. 2 Citation and years of assessment for which Law has effect This Law may be cited as the Income Tax (Amendment No. 27) (Jersey) Law 2007 and shall have effect for the year of assessment 2007 and ensuing years. m.n. de la haye Greffier of the States [1] chapter 24.750 [2] chapter 13.125