The Jersey States Assembly has published the Draft Finance (2025 Budget) (Jersey) Law 202-, which is to be debated on 26 November 2024. The law gives effect to the revenue measures in the proposed Government Plan 2025 to 2028, and also provides for administrative and technical tax amendments. The articles and measures are summarized in the draft law report as follows:
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The standard rate of income tax
1. Article 1 sets the standard rate of income tax for 2025 at 20%.
Personal tax …