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Income Tax (Amendment - Stage 2 of Independent Taxation) (Jersey) Law 202-

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 15 January 2024:

Decision Reference:  MD-TR-2023-861

Public

Subject: Lodging of Draft Income Tax (Amendment – Stage 2 of Independent Taxation)  (Jersey) Law 202-

 

Report Title: WR - Lodging of Draft Income Tax (Amendment – Stage 2 of Independent Taxation) (Jersey) Law 202-

Public

Decision(s):

The Minister approved the lodging of the Draft Income Tax (Amendment – Stage 2 of Independent Taxation) (Jersey) Law 202- (the Draft Law).

Reason for Decision(s):

The Draft Law introduces mandatory independent taxation from 2026. All spouses and civil partners will be responsible for their own tax affairs. The Draft Law also contains the compensatory allowance to mitigate any financial impact and the option for ‘existing married couples’ to complete a joint tax return. Full details are outlined in the accompanying Written Report.

Resource Implications: By itself, this decision would have no resource implications.

 

Action Required: The Greffier of the States to be requested by the Head of Financial Governance to arrange for the Law to be lodged ‘au Greffe’ by 16th January 2024 for the States sitting that commences on 27th February 2024.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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