Cabinet has given approval for the Income Tax (Amendment) Act 2018 to be introduced into the Houses of Parliament. The Bill seeks to make permanent the removal of the exemption previously provided for the general insurance companies, insurance brokers and agents from the 15 per cent withholding tax on outgoing premiums in the circumstances specified in the Act. This is...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Ministry is drafting a Public Financial Management for Disaster Risk Policy and Framework, for submission to Cabinet. Addressing the Private Sector Organisation of Jamaica (PSOJ) annual economic forum at The Jamaica Pegasus hotel in New Kingston on Thursday (September 20), he said the Policy aims to strengthen...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has hailed Tax Administration Jamaica (TAJ) for collecting four per cent more revenue than was projected for the first four months of this fiscal year. He said Jamaica is reaping the benefits of a “transformed” TAJ, and that all the economic fundamentals are moving in the right direction....

The Public Investment Management Secretariat (PIMSEC) is undertaking an education programme to sensitise public-sector employees about the procedures involved in utilising the Public Investment Management System (PIMS). The major activity is a webinar, which began in July 2018 and will run for seven months. Additionally, a website will be established to outline the steps to be taken in the processing...

Government pensioners are being reminded that banking information forms must be completed and returned to the Accountant General’s Department (AGD) before September 17, 2018, to ensure there is no disruption in the payment of pensions. This is part of changes to the process, allowing government pensioners to receive payment by direct deposit. Speaking with JIS News, Accountant General, Carlene Murdock,...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says steps are being taken to ensure that the Statistical Institute of Jamaica (STATIN) is able to retain its highly qualified staff, so that the agency can continue to effectively carry out its mandate as the country’s principal statistics agency. He pointed out that STATIN’s employees are being heavily...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says media practitioners, particularly those involved in delivering news and current affairs content, have a key role to play in how official government statistics are communicated to the public. Speaking at a recent Statistical Institute of Jamaica (STATIN) media sensitisation seminar at the Terra Nova All-Suite Hotel in St....