Tax Administration Jamaica (TAJ) is advising the public that as at Friday, July 5, 2024, it is discontinuing the Electronic Funds Transfer (EFT) service via its online payment platform at jamaicatax.gov.jm. This means, that as of July 5, taxpayers will no longer be able to use the EFT option currently available on TAJ’s website to electronically transfer funds directly from...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says implementation of the Twin Peaks Model of Supervision and Regulation of the Financial Sector is expected by 2026. He informed that under the Model, the Bank of Jamaica (BOJ) will assume full responsibility for prudential supervision of all bank and non-bank financial institutions. Additionally, the Financial Services...

The Government has signed a US$20 million loan agreement with the World Bank for the Social Protection for Increased Resilience and Opportunities (SPIRO) Project. The SPIRO Project aims to increase Jamaica’s social protection coverage by establishing a national unemployment insurance programme and strengthening the social protection delivery system. In his remarks during Tuesday’s (June 11) SPIRO Visibility Ceremony at the...

Jamaica’s approach towards managing disaster risks has changed since Hurricane Ivan in 2004, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. “The approach is no longer an ex-post approach where you wait on the disaster and then you cobble together the resources that you need. The approach today, decidedly, is one where we have layers...

Legislation to establish a National Natural Disaster Reserve Fund (NNDRF) was passed in the House of Representatives on Tuesday (June 4). The Bill, the Financial Administration and Audit (Amendment) (No. 3) Act, 2023, was piloted by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. He said the Bill, amongst other things, identifies the sources of funding...

The SCJ Holdings Limited (SCJH) is expected to complete the divestment of lands for housing, commercial and mixed use as well as light industrial blocks under the Greater Bernard Lodge Development Master Plan (GBLDMP) during fiscal year 2024/25. The entity will also be exploring and undertaking specific strategies to complete the establishment of an agricultural zone in the master plan....

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, greets the Republic of the Gambia’s Secretary-General and Head of the Civil Service, Salimatta Touray, during her courtesy call at the Ministry’s offices in Kingston on Tuesday (June 4).

The exciting 2024 Public Sector Debate Competition gets under way on Tuesday, June 4, with the preliminary round of matches. Round One will take place over two days (June 4 and 5) and will include six matches on Day 1 and seven on Day 2. All matches will be streamed live via the Transformation Implementation Unit (TIU) Facebook and YouTube...

Legislation to modernise customs practices and procedures to facilitate trade effectively and efficiently was passed in the House of Representatives on May 29. The Bill, the Customs Act, was piloted by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. The modernisation is expected to bring benefits for the trading community and the Jamaica Customs Agency (JCA)...