Tender Details

Country: Jersey
Summary: Pillar Two it System Implementation (Pillar 2)
JET Ref No: 111891551
Deadline: 17 Jan 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: DN756216
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Description:
Pillar Two It System Implementation (Pillar 2)
On 22 October 2024, Jersey-s States Assembly unanimously adopted the following package of Pillar 2 legislation for multinational groups of enterprises in scope of Pillar 2, applicable for accounting periods beginning on or after 1 January 2025, namely:

1. IIR - The Multinational Taxation (Global Anti-Base Erosion - IIR Tax) (Jersey) Law 202-; and
2. MCIT - The Multinational Corporate Income Tax (Jersey) Law 202-.

The Government of Jersey has confirmed that it will not be implementing an Undertaxed Profits Rule at this time.
The Pillar 2 legislation will only apply to multinational groups of enterprises with more than €750 million global annual revenue. All other businesses that are below the €750 million threshold will see no impact and will remain under Jersey-s existing corporate income tax regime. Under the Multinational Corporate Income Tax, Jersey companies and Jersey branches of in-scope multinational groups will pay an effective rate of 15% on their Jersey profits from 2025. Furthermore, under the Income Inclusion Rule law, Ultimate Parent Entities and/or Intermediate Parent Entities, based in Jersey, will be subject to a top-up tax on their non-Jersey profits, in certain limited circumstances.

The Government of Jersey is committed to ensuring that taxpayers are provided with the highest standards of customer service in implementing the new Pillar 2 regime in Jersey. As such, Revenue Jerse...
Documents:

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Pillar Two it System Implementation (Pillar 2) - Jersey Tender

The STATES OF JERSEY, a Government sector organization in Jersey, has announced a new tender for Pillar Two it System Implementation (Pillar 2). This tender is published on JerseyTenders under JET Ref No: 111891551 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-01-17.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.