Effective December 1, 2020, Tax Administration Jamaica (TAJ) added a new feature “Online Driver’s Licence Status Search” to its suite of online services. Taxpayers will now be able to track the status of their Driver’s Licence renewal application submitted to the tax authority. This comes as TAJ continues its thrust to expand its online service offerings and to promote contactless...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, on Tuesday (December 1) tabled the Financial Administration and Audit (Amendment) Act, 2020 in the House of Representatives. The legislation seeks to amend the Government’s fiscal savings target to make it more manageable in the short to medium term. Dr. Clarke said the Government is required to put aside,...

Bank of Jamaica (BOJ) Governor, Richard Byles, says the BOJ will be maintaining the 0.50 per cent policy interest rate on deposit-taking institutions’ (DTIs’) overnight placements, until there are “clear signs” that domestic economic activity is returning to pre-coronavirus (COVID-19) levels. The Central Bank, on Tuesday (November 19), announced its decision to hold the policy rate unchanged, noting that this...

The Bank of Jamaica (BOJ) is projecting a partial rebound in economic growth of about three per cent, in the aftermath of the coronavirus (COVID-19) pandemic, commencing in fiscal year 2021/22. Governor, Richard Byles, says the out-turn could possibly be as high as eight per cent, “if there is strong recovery in tourism”. “However, the Jamaican economy is not expected...

The Central Bank has been proactive in preserving financial sector stability against the impact of the coronavirus (COVID-19) pandemic, with $76 billion pumped into the local market. Bank of Jamaica (BOJ) Governor, Richard Byles, said that the liquidity support, which represents four per cent of gross domestic product (GDP), has been provided through a special bond-buying programme, reduction in the...

Public-sector workers are invited to submit their best logo design for Shared Corporate Services Jamaica (SCSJ), which is expected to come on stream in January 2021. Entries for the competition must be submitted in a portable document format (PDF), along with a completed application form via email to: letusknow@transformation.gov.jm by November 27 at 4:00 p.m. Executive Director of the Transformation...

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...