The Government has approved the expansion of allowable foreign assets in which domestic capital and financial market intermediaries can invest, effective April 30, 2021. These are corporate foreign currency debt instruments issued by entities incorporated in Jamaica that generate foreign earnings, and attain an investment grade global credit rating or Caribbean Information and Credit Rating Services Limited (CariCRIS) rating of...

The Caribbean Information and Credit Rating Services Limited (CariCRIS) officially opened its Jamaican office, during a virtual ceremony on Wednesday (April 28). The  office is the first to be established anywhere in the region outside the Trinidad and Tobago capital, Port-of-Spain, where the CariCRIS is headquartered, and comes 15 years after the firm commenced business relations with local clients. It...

Tax Administration Jamaica (TAJ) is reminding business persons that GCT Returns for the month of March are due on Friday April 30, 2021. This is in keeping with the requirement for registered GCT taxpayers to make their monthly GCT Returns and payments on the last working day of the month, after the end of the taxable period. Therefore, GCT Returns...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says digital currency will be a game changer for Jamaica, as it will afford greater inclusion of persons in the financial system by providing an alternative payment method. He was addressing the Jamaica Customer Service Association (JCSA) Leadership Forum and Service Excellence Webinar held earlier this month. Dr....

Tax Administration Jamaica (TAJ) is reminding taxpayers that they have the added convenience of doing business with the Tax Authority this Saturday April 24, as it provides persons with more options to do business in light of the recently updated Disaster Risk Management Orders.  The following Tax Offices will operate this Saturday between the hours of 9:00am – 1:00pm: St....

Ten years after it was first proposed in the Master Rationalisation Plan as a way of improving the operations of Government, the Administration has commenced the introduction of shared corporate services in the public sector with a pilot project. Executive Director, Transformation Implementation Unit (TIU), Maria Thompson Walters, made the announcement on Tuesday (April 20), at the offices of Shared...

Mr. Milverton Reynolds, Managing Director of the Development Bank of Jamaica Limited (DBJ), has announced that Actus Partners Ltd., a management consultancy firm focused on alternative private equity & venture capital solutions, based in London, England, has been selected to establish and manage a new Small and Medium-sized Enterprises (SMEs) Fund, based in Jamaica. The company was chosen to be...