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  • The Jamaica Business Taxation Reform (JAMTAX) has been given $15.7 million in the 2016/17 Estimates of Expenditure, now before the House of Representatives.
  • Among the achievements of the project up to December 2015 were: finalisation of the Tax Compliance Cost Survey fieldwork and preparation of initial cost calculations, and the provision of recommendations to improve the Objections Process in TAJ.
  • The project which originally started in February 2014 was slated to end in June 2016, but has been extended until December 2016.

The Jamaica Business Taxation Reform (JAMTAX) has been given $15.7 million in the 2016/17 Estimates of Expenditure, now before the House of Representatives.

The project seeks to improve the regulatory, institutional and administrative framework for business taxation by reforming the tax appeal process and legislative framework.

Allocation for this fiscal year will be used to: complete the Tax Compliance Cost Survey Statistical and Analytical Reports; continue the implementation of reform recommendations for Tax Simplification; and undertake communication initiatives.

Among the achievements of the project up to December 2015 were: finalisation of the Tax Compliance Cost Survey fieldwork and preparation of initial cost calculations, and the provision of recommendations to improve the Objections Process in TAJ.

Other achievements included the hosting of technical workshops on small and medium-size enterprises (SMEs) tax regimes (with officials from Tax Administration Jamaica, Ministry of Finance and Planning and Customs); as well as the facilitation of stakeholder dialogue with the private sector to discuss common constraints faced by SMEs in complying with tax administration requirements.

Also, the preparation of a communication strategy for the Revenue Appeals Division (RAD) and providing technical assistance with the development and execution of a communication plan for disseminating reforms at RAD.

The project which originally started in February 2014 was slated to end in June 2016, but has been extended until December 2016.

It is being implemented by Tax Administration Jamaica.