Channel Islands: Multinational corporate income tax (MCIT) registration requirements under Pillar Two (Jersey)
Registration function available for in-scope MNE groups
Revenue Jersey has announced that its multinational corporate income tax (MCIT) registration function is now live. The MCIT regime, effective January 1, 2025, requires in-scope multinational enterprise (MNE) groups to register with Revenue Jersey.
Under the MCIT regime, MNE groups are considered in-scope if they have at least one entity located in Jersey and consolidated annual revenues of at least €750 million in at least two of the four previous fiscal years.
Registration must be completed before the end of the first fiscal year in which the group qualifies as an in-scope MNE group. For example, groups with accounting periods from January 1 to December 31 must register by December 31, 2025.
The registration process can be completed by the group's “reporting entity” or a tax agent specifically appointed for MCIT purposes. Revenue Jersey has provided detailed guidelines for determining the reporting entity, obtaining Jersey tax identification numbers (TINs), and listing constituent entities within the registration form.
Revenue Jersey has also published frequently asked questions (FAQs) to assist MNE groups with the registration process.
Read an August 2025 report prepared by the KPMG member firm in the Crown Dependencies