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Jersey 2024 Budget Law Lodged in States Assembly

09 November 2023

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Proposed Changes

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Jersey

The Jersey States Assembly has published the Draft Finance (2024 Budget) (Jersey) Law 202-, which is to be debated on 12 December 2023. The law gives effect to the revenue measures in the proposed Government Plan 2024 to 2027, and also provides for administrative and technical tax amendments. The articles and measures are summarized in the draft law report as follows: --- The standard rate of income tax 1. Article 1 sets the standard rate of income tax for 2024 at 20%. Budget for Innovation RegTech Super-Deduction (Articles 26 to 29) 2. In support of the Budget for Innovation, eligible...