Tax Administration Jamaica (TAJ) will open the doors of its Kingston Revenue Service Centre (KRSC), 1-3 King Street Downtown this Saturday only, March 15, 2025 (9:00 a.m. – 2:00 p.m.). The Saturday operation at the location is primarily to support Income Tax filers making the necessary preparations, by hosting a Special Taxpayer Assistance Programme (STAP) session ahead of the March,...

The Government has announced an increase in the General Consumption Tax (GCT) exemption threshold from $10 million to $15 million for micro, small and medium-sized enterprises (MSMEs). Minister of Finance and the Public Service, Hon. Fayval Williams, in opening the 2025/26 Budget Debate in the House of Representatives on March 11, said the change is aimed at supporting the growth...

As fiscal year 2025/26 approaches, the Government plans to undertake significant implementation of the pay-for-performance element of the new public-sector compensation system. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure as she opened the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). “We have begun the conversations with our union partners...

The Government is in the process of repealing and updating the Income Tax Relief (Large-Scale Projects and Pioneer Industries) Act to, “ensure that it is fit for purpose” according to Minister of Finance and the Public Service, Hon. Fayval Williams. The revamped legislation is expected to offer a range of tax benefits to large-scale investors. Minister Williams, who was delivering...

The Government has accepted a proposal from the Jamaica Stock Exchange (JSE) to establish a Micro Market. The JSE Micro Market will meet the needs of micro, small and medium-size enterprises (MSMEs) in the $10 million to $50 million participating equity capital bracket. This was announced by Minister of Finance and the Public Service, Hon. Fayval Williams, while opening the...

The Culture, Health, Arts, Sports and Education (CHASE) Fund, since its inception in 2003, has awarded 4,909 scholarships, valued at $829 million, to more than 2,000 early-childhood-education practitioners and leaders pursuing undergraduate and graduate degree programmes. Focus areas include early-childhood education, special education, literacy and numeracy, curriculum development, educational leadership and educational administration, at tertiary institutions locally and overseas. Minister...

Legislation aimed at facilitating the establishment of microinsurance for low-income earners will be introduced to Parliament during fiscal year 2025/26. This was disclosed by Minister of Finance and the Public Service, Hon. Fayval Williams, during her maiden 2025/26 Budget Debate presentation in the House of Representatives on Tuesday (March 11). She stated that an insurance company, in providing an estimate,...