Jersey Issues Notice on Lodgment of Draft Tax Reform Law to Put All Taxpayers onto the Current Year Basis of Paying Tax

On 22 September 2020, the Jersey government issued a notice on the lodgment of a draft tax reform law that includes measures to put all taxpayers onto the Current Year Basis (CYB) for paying income tax.

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Tax Reform law is lodged

The Minister for Treasury and Resources, Deputy Susie Pinel, has today lodged a draft amendment to the law which would mean all Islanders pay their taxes on a Current Year Basis (CYB).

Currently, around two-thirds of taxpayers pay their taxes on a Prior Year…