Jersey
A. Progress in the implementation of the minimum standard
Jersey has 15 tax agreements in force, as reported in its response to the Peer Review questionnaire. Two of those agreements, the agreements with Liechtenstein and the United Kingdom, comply with the minimum standard.
Jersey signed the MLI in 2017 and deposited its instrument of ratification of the MLI on 15 December 2018, listing ten tax agreements. The MLI has entered into force for Jersey on 1 July 2018.
Jersey is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1
The agreements that will be modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect. Some agreements listed under the MLI are expected to become compliant with the minimum standard by the end of 2019.
B. Implementation issues
No jurisdiction has raised any concerns about their agreements with Jersey.
Note
← 1. For its agreements listed under the MLI, Jersey is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI).