Jersey 2022 Budget Law Lodged in States Assembly

The Jersey States Assembly has published the Draft Finance (2022 Budget) (Jersey) Law 202- [P.100-20201], which was lodged on 2 November 2021 and is to be debated on 14 December 2021. The measures of the law are based on the Government Plan 2022-2025, with some adjustments. The articles and measures are summarized in the draft budget law report as follows:

Changes to the Income Tax (Jersey) Law 1961 ("1961 Law")

1. Article 1 sets the standard rate of income tax for 2022 at 20%.

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