Bank of Jamaica (BOJ) announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) unchanged at 0.50 per cent per annum. In general, monetary policy decisions taken by Bank of Jamaica are aimed at ensuring that the annual increase in the prices of consumer goods and services (i.e. inflation) remains...

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

Tax Administration Jamaica (TAJ) will conduct maintenance activities to a section of its online platform beginning 7:00 p.m. Friday July 2 to 7:00 a.m. Monday July 5, 2021. The public is being advised that several of the Tax Authority’s online service features will be suspended, as scheduled maintenance work is undertaken to improve the business experience of the online platform....

Tax Administration Jamaica (TAJ) is reminding the public that it will open select Tax Offices on Saturday June 26, 2021 and every last Saturday of the month for the remainder of the 2021/22 financial year. The service enhancement will provide taxpayers with a convenient option of doing business on these weekends, as well as to alleviate the usually high walk-in...

Tax Administration Jamaica (TAJ) will continue to operate from 8:30 a.m. to 2:00 p.m. at its Montego Bay Revenue Service Centre, through to Friday, June 25, 2021. The interim arrangements have been made following an assessment of the work currently underway to effect repairs to the air conditioning system at the location. Although operations will continue to take place at the St. James location, the public is advised that the number of...

St. Andrew Revenue Service Centre adds to limited service offering Tax Administration Jamaica (TAJ) will continue to offer limited, non-cash services from 8:30 a.m. to 2:00 p.m., but with two additional services becoming available at its St. Andrew Revenue Service Centre located in Constant Spring, as of Monday, June 21, 2021. The extended interim arrangements have been made following a further assessment of the restoration work currently underway following a fire two weeks ago. Operations will continue to take...

International Monetary Fund (IMF) Caribbean member countries could benefit from as much as US$2.4 billion in additional liquidity support, under the entity’s newly proposed US$650-billion Special Drawing Rights (SDR) allocation. The overall provision is intended to aid in the global recovery from the economic fallout resulting from the coronavirus (COVID-19) pandemic, by supplementing the reserve assets of the IMF’s 190-member...