Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government’s capitalisation of the central bank to the tune of $50 billion over two previous budgets was critical in ensuring liquidity in the system, better enabling the Government to cushion the effects of the global pandemic. He was piloting the Bank of Jamaica (Amendment) Act, in...

Tax Administration Jamaica (TAJ) wishes to advise employers that statutory deductions (S01) for October are due on Monday November 16, 2020. This is as a result of the usual due date of the 14th day of the month falling on the weekend. Taxpayers will therefore be allowed to submit their October S01 the following business day, Monday November, 16 without...

The Ministry of Finance and the Public Service on Wednesday (November 4) launched the Jamaica InvestmentMap, a digital platform that will facilitate interactive public access to information on investment projects being implemented by the Government. These include the construction of roads, bridges and schools, government reform, and climate resilient projects, the progress of which individuals and entities will be able...

Tax Administration Jamaica (TAJ) has taken its collaboration with National Commercial Bank (NCB) a step further, by expanding online bill payment, known as Paysmart, to business/corporate clients to pay several tax types. This means NCB business/corporate clients now have the option to add Tax Administration Jamaica as a payee on their eBanking platform. This convenient additional payment option, represents yet another way...

A group of 30 persons from five government entities are among the first group of persons to be trained to use the new system that will enable the delivery of Internal Audit Shared Services, which will commence in January 2021. Shanalee Cawley, Project Manager for Internal Audit Shared Services in the Transformation Implementation Unit (TIU) told JIS News at the...

The Government has allocated $4.6 billion towards the construction of the new toll road from May Pen in Clarendon to Williamsfield in Manchester, which is expected to create jobs for hundreds of Jamaicans. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, made the announcement in the House of Representatives on Tuesday (October 14), during the debate on...

The House of Representatives, on Tuesday (October 13), approved the Second Supplementary Estimates for the 2020/21 fiscal year. The revised budget proposes an overall additional expenditure of $15.7 billion to generate a total expenditure budget of $853.7 billion. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, explained that the continued impact of the coronavirus (COVID-19) pandemic,...