Финансово-консалтинговая компания CYWORLD WEALTH

Jersey Extends Deferred Social Security Contributions

20 Oct
Jersey Extends Deferred Social Security Contributions CYWORLD WEALTH Advocate Cyprus

Jersey Extends Deferred Social Security Contributions

Jersey Extends Deferred Social Security Contributions

The Jersey government has issued an order for an additional deferral of social security contributions due to COVID-19.
Jersey authorities have published Social Security Order 2020, which was passed on 30 September 2020 and entered into force on 1 October 2020. The original order, which was passed in April, provided for employers and self-employed persons to apply for deferred payment of Class 1 and 2 contributions by up to 12 months for calendar quarters beginning January 1 and April 1, 2020. The amendment order increases the possible grace period to 24 months.

Further professional advice should be sought for each particular case. Our firm does not accept any responsibility for any loss or damage occurring by acting on the basis of this information. Also, please visit our website for further updates.

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