The Government has tabled the Second Supplementary Estimates, which show that the Administration is proposing to spend an additional $7.966 billion for this fiscal year. The document was tabled in the House on January 21 by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. The Estimates reveal that the Budget has been increased from $851.104 billion...

Finance and the Public Service Minister, Dr. the Hon Nigel Clarke, says the salaries of Parliamentarians are increased in keeping with the general increases awarded to civil servants. “Parliamentarians’ emoluments were, therefore, increased for the four-year period 2017/18 to 2020/21, consistent with what was agreed on under the Heads of Agreement with the Jamaica Confederation of Trade Unions,” he noted....

Come January 2, 2020, persons filing individual income tax returns will be required to do so online as Tax Administration Jamaica (TAJ) implements the next phase of its mandatory e-filing of taxes. Chief Corporate Communications Officer at Tax Administration Jamaica (TAJ), Meris Haughton, made the disclosure in a recent interview with JIS News. “What we are trying to do is...

The Bank of Jamaica (BOJ) is projecting a $2.4-billion increase in total currency in circulation during December to $152.4 billion, relative to the sum in November, in keeping with heightened activities associated with the festive Christmas season. In a statement on Tuesday (December 17), the Bank said the projection represents a 14.1 per cent increase, compared to 20.4 per cent...

   

The House of Representatives on Tuesday (December 10) approved the Public Bodies Management and Accountability (Nomination, Selection and Appointment to Boards) Regulations. This represents a seminal tool towards achieving improved corporate governance in respect of public bodies. In his remarks, Finance and the Public Service Minister, Dr. the Hon. Dr. Nigel Clarke, said there is need for a more transparent...

The House of Representatives on Tuesday (December 10) passed the Transfer Tax (Amendment) Act, 2019, making permanent the two 2019/20 transfer tax revenue measures that were implemented in April. The legislation was piloted by Minster of Finance and the Public Service, Dr. the Hon. Nigel Clarke. In his remarks, Dr. Clarke explained that as part of the 2019/20 revenue measures,...