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Jersey Publishes Finance (2020 Budget) (Jersey) Law 2020

01 October 2020

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Approved Changes

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Jersey

Jersey has published the Finance (2020 Budget) (Jersey) Law 2020, which was registered by the Royal Court (enacted) on 25 September 2020. The Law includes measures of the Proposed Government Plan 2020-23 issued in December 2019 and others, including: An increase in the standard tax exemption threshold from JEP 15,400 to JEP 15,900 for single persons and from JEP 24,800 to JEP 25,550 for married couples / civil partnerships; An increase in the headline long-term care contribution rate from 1.0% to 2.0% Increases in alcohol, tobacco, and oil duties; The introduction of a new tax return filing requirement for foundations...