Jersey Budget for 2016 Lodged

On 20 October 2015, Jersey's Treasury Minister lodged the Draft Budget for 2016. The main tax-related changes include:

• The tax credit for dividends received will no longer be repaid for dividends received by companies subject to the 0% corporate tax rate from the date the budget was lodged (20 October);
• The tax credit for dividends received by financial services companies will be limited to the lower of the tax deducted from the dividend or the gross dividend at the rate of 10% from the date…