On 3 October 2017, the Jersey Government published the Draft Budget Statement 2018. The business and personal tax proposals of the Budget are summarized as follows:
Business tax proposals
- Subjecting the profits of larger corporate retailers to tax at 20%, which will apply for retailers with taxable profits of at least GBP 500,000 per year with a tapering provision for the effective rate (0% to 20%) for retailers with taxable profits of between GBP 500,000 and 750,000;
- Extending the defin…