Orbitax subscribers can now easily follow the latest COVID-19-related tax measures being implemented worldwide. New to Orbitax? Create a free account to access your dashboard and latest tax news.
News Share

The Tax Hub

Daily Tax Newsletter


Responsive image

Jersey Publishes Finance (2020 Budget) (Jersey) Law 2020

Jersey has published the Finance (2020 Budget) (Jersey) Law 2020, which was registered by the Royal Court (enacted) on 25 September 2020. The Law includes measures of the Proposed Government Plan 2020-23 issued in December 2019 and others, including:

  • An increase in the standard tax exemption threshold from JEP 15,400 to JEP 15,900 for single persons and from JEP 24,800 to JEP 25,550 for married couples / civil partnerships;
  • An increase in the headline long-term care contribution rate from 1.0% to 2.0%
  • Increases in alcohol, tobacco, and oil duties;
  • The introduction of a new tax return filing requirement for foundations and entities incorporated in Jersey that are managed and controlled abroad;
  • The introduction of a new information return requirement for all resident companies and permanent establishments regarding profits and gains;
  • The introduction of the requirement that the Comptroller of Revenue must issue tax assessments within 2 years of the statutory due date or the filing date, if later;
  • The introduction of new rules providing that an assessment may be issued in cases where a taxpayer has not filed a return, with the taxpayer allowed to file a return within 12 months of the assessment, which will result in the initial assessment being set aside and a new assessment issued on the basis of the return; and
  • The introduction of a new requirement for bodies corporate to notify the comptroller within 6 months of:
    • becoming resident for tax purposes in Jersey, or becoming regarded as resident due to its business being managed and controlled in Jersey; or
    • acquiring a source of income which would, if amounting to a profit or gain, give rise to the body’s liability to tax in Jersey.

The measures generally entered into force retroactively from 1 January 2020.

Powerful Tax Tools


FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.


Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.


Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.


Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.


Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.



Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.


Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.


Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.


Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.


Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.


Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.


Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.


VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.


NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.


Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.


Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More