Aggrieved taxpayers are being advised to contact the Revenue Appeals Division (RAD) to appeal decisions made by the Revenue Commissioners. “For those taxpayers who have in your possession a decision that you are not in agreement with and you are aggrieved, you can appeal to the Revenue Appeals Division,” said Senior Legal Officer in the Division, Monique Nelson. “Decisions that...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke has approved the extension of existing COVID-19 compliance relaxation mechanisms. The Minister first announced the relaxation as part of the 2020/21 Revenue Measures, where business entities were allowed a Tax Compliance Certificate (TCC) without meeting the statutory obligations of filing and making a return. This was done as...

Residents of Mt. Salem, in St. James, are lauding the Government for the compassionate grant in their time of need. One recipient, Ruby Grant, told JIS News that she is appreciative of the compassionate grant of $10,000, paid under the COVID Allocation of Resources for Employees (CARE) programme, which she received in May. The grant is aimed at assisting persons...

Earlier this year, Bank of Jamaica indicated a willingness to consider the use of central bank digital currency (CBDC). In a step further, the Bank is now formally inviting interested CBDC providers to develop and test potential CBDC solutions in its recently established Fintech Regulatory Sandbox. The Sandbox provides a controlled environment where technological financial innovations such as CBDC can...

The Betting, Gaming and Lotteries Commission (BGLC) will be providing grants totalling more than $16 million to 325 tertiary students for the 2020/21 academic year. The grants are available to full-time undergraduates, 26 years and younger, who are enrolled at an accredited local tertiary institution and have a Grade Point Average (GPA) of at least 2.75. Manager for Corporate Affairs...

The Bank of Jamaica (BOJ) has announced the appointment of Deputy Governor in charge of its Research and Economic Programming Division, and Financial Stability, Dr. Wayne Robinson, as the new Senior Deputy Governor, effective October 1, 2020. A statement from the BOJ on Thursday (July 16) indicated that Dr. Robinson’s appointment by Minister of Finance and the Public Service, Dr....

The Statistical Institute of Jamaica (STATIN) has revised the Consumer Price Index (CPI), using the 2017 Household Expenditure Survey. Introduced in April 2020, the new CPI series reflects the expenditure patterns of low- to middle-income households in Jamaica. The CPI measures the movement of prices of consumer goods and services purchased by private households and is one of the most...