Tax Administration Jamaica (TAJ) is reporting an approximately $102M revenue yield from its Saturday month-end operations since 2021, when it implemented the service at select Tax Offices. This figure underscores the take-up by business persons and individuals, who have been utilizing the convenience of the Authority’s Saturday business operations. This Saturday November 25, 2023, as part of its continued provision...

Tax Administration Jamaica (TAJ) wishes to advise the public that it has extended the closure of the Annotto Bay Tax Office located in St. Mary. The decision has become necessary, as the building has been determined structurally comprised, by a Structural Engineer, which is the result of the 5.6 earthquake event earlier this month. The Tax Authority has redeployed staff...

On November 3, 2023, the Government of Jamaica (GOJ) issued the first ever Jamaican Dollar (J$) linked international bond in the amount of J$46.6 billion, equivalent to USD 300 million. The issuance, which was oversubscribed 1.4 times, consists of Senior Unsecured Notes due 2030 which are registered with the Securities Exchange Commission in the United States. The operation represents the...

The Government is eliminating the General Consumption Tax (GCT) on the importation of horses to provide better quality breeding stock and stimulate growth in the horse racing industry. The House of Representatives, on Wednesday (November 1), approved the General Consumption Tax (Amendment of Schedules) (No. 2) Order, 2023 to allow for the measure. Minister of Finance and the Public Service,...

The Government has put in place measures for the funding of emergency costs associated with natural disasters that involve billions of dollars. Speaking at the 54th annual monetary studies (AMS) conference at the Bank of Jamaica’s auditorium in downtown Kingston on November 1, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the suite of products...

Minister of Finance and the Public Service and Member of Parliament for St. Andrew North Western, Dr. the Hon. Nigel Clarke, addresses the Universal Service Fund (USF) Sherlock Community Wi-Fi Launch on October 18. The launch took place at the Sherlock community centre in St. Andrew.

The Government is assuring that the “significant” reform of the Programme of Advancement Through Health and Education (PATH) will result in greater benefits to its clients. According to Minister of Labour and Social Security, Hon. Pearnel Charles Jr., an evaluation of the programme is under way, looking at how it has worked over the years, how it is working now,...

The Planning Institute of Jamaica (PIOJ) will be hosting the biennial staging of its Dialogue for Development Series and Lecture, from November 1 to 2. The series, which is geared towards educating the public about government policies and, by extension, soliciting their feedback, will be a free virtual event requiring registration. Senior Director, Corporate Marketing and Communication, PIOJ, Marcia Blake...

The Jamaica Stock Exchange’s (JSE) efforts to develop the capacity of young people in financial literacy and money management have been endorsed by Minister of Education and Youth, Hon. Fayval Williams. Speaking during the launch of the Primary School Stock Market Education programme at the JSE in downtown Kingston on Friday (October 20), Mrs. Williams said the initiative is designed...