On 9 October 2018, the Jersey Government published the Draft Budget Statement 2019. The business and personal tax proposals of the Budget are summarized as follows:
Business Tax Proposals
- New legislation introducing an economic substance test for companies in line with negotiations with the EU Code of Conduct Group;
- New regulations in respect of the taxation of new types of legal bodies, including in relation to the recently approved Limited Liability Company form, as well as possible l…