Jersey assembly accepts new sales tax law
States members of assembly adopt GST rules
New Goods and
Services Tax (GST) rules have been accepted by states members of the
States Assembly of Jersey.
GST come into effect next year on the island and will include nearly
everything sold in Jersey.
It is aimed at correcting a budget deficit in the island from the
introduction of a zero rate corporation tax to keep the island competitive, the
BBC reported.
States members are currently working on the details of the tax which is
likely to be set at 3% for three years.
Further reading:
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Jersey accountant claims to be royalty
Jersey woos tax avoiders with trusts structure
