blog.gov.je
Joint ministerial statement – Deputy Elaine Millar, Minister for Treasury and Resources, and Deputy Ian Gorst, Minster for External Relations
Jersey is committed to becoming a leading jurisdiction for digital asset innovation and investment. As digital asset markets and tokenised financial services evolve, Jersey’s tax policy will continue to support the growth and development of these sectors. This approach reflects Jersey’s existing principles of ensuring that its tax system is simple, straightforward and competitive.
Jersey already offers a straightforward tax regime for non-residents holding or disposing of digital assets, either directly in their own name or indirectly through a company. For clarity, digital assets are taxed in the same way as any other asset class. The process of tokenisation does not alter the underlying treatment or characterisation of an asset.
Jersey imposes no capital gains taxes, and no taxes are charged on payments derived from digital assets, dividends, interest or royalties paid to non-residents. This includes returns arising from holding, disposal or transfer of digital assets and other income flows associated with digital asset arrangements.
Most companies in Jersey, including those involved in digital asset issuance, holding, administration or tokenisation activities, are taxed at the standard corporate rate. Accordingly, where taxable income arises, as the majority of companies pay tax at a rate of 0%, no tax liability will arise in Jersey.
Jersey will continue to align its tax policy with its broader regulatory framework to ensure clarity and consistency across the digital asset ecosystem. Any further changes to Jersey’s tax rules would only apply if approved by the States Assembly, or through formal guidance published by Revenue Jersey.