Unless the company has elected to be treated as exempt, any company which is resident in the Island is chargeable to income tax on all of its income wherever arising, whether or not remitted to the Island. A company which, although incorporated and resident outside Jersey, carries on business in the Island through a branch or other established place of business is liable to Jersey income tax only on profits arising or accruing within the Island.

A company is regarded as resident in Jersey if it is incorporated or if it is managed and controlled in the Island and has not been granted exempt status. For these purposes it is only a test of "management and control" which is relevant in Jersey and not control by shareholders or loan creditors.

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.