As Tax Administration Jamaica (TAJ) kicks off the current Tax Season, it is advising business persons that the annual Income Tax due date is Monday, March 17, 2025, as the usual March 15 due date falls on the weekend. This means that all categories of Income Tax filers have until March 17 to file their Annual Income Tax Returns for...

The Public Procurement Commission (PPC) continues to champion transparency, accountability, and efficiency in Jamaica's public procurement processes. Executive Director Mrs Nadia Morris is highlighting that as the safeguard in the acquisition of goods, works, and services, the PPC plays a pivotal role in ensuring good governance and the responsible use of public resources. PPC Streamlines Procurement Reviews Mrs Morris, emphasizes...

The All-Jamaica Consumer Price Index (CPI) for December 2024 was 143.5, representing an increase of 1.2 per cent as released today by the Statistical Institute of Jamaica (STATIN). The primary contributor to this increase was a 1.9 per cent increase in the index for the ‘Food and Non-Alcoholic Beverages’ division. The increase in the division’s index was chiefly influenced by...

The House of Representatives on Tuesday (January 14) passed amendments to the Income Tax Act, codifying the revenue measures that were announced in the 2024/25 Budget. Piloting the legislation, Minister of Finance and the Public Service, Hon. Fayval Williams, said with strong macroeconomic fundamentals, the Government was able to introduce measures aimed at facilitating trade, reducing administrative inefficiencies and offsetting...

The Ministry of Finance and the Public Service is underscoring the importance of early pension planning by government employees. Strategic Planning and Stakeholder Engagement Manager in the Ministry, Dr. Kimorley Humphrey, told JIS News that while many persons associate pensions with retirement, the benefits can be vital for individuals of all ages, including dependents. “The concept of pensions is not...

Minister of Finance and the Public Service, Hon. Fayval Williams, is encouraging ministries which have not yet signed up to the Government’s MyHR+ platform, to do so. “[This is] to ensure that all employees are on an essential system, [so] that payrolls can be processed without errors, employees can view their records [and] have access to it. I know about...

The Ministry of Finance and the Public Service has made significant strides in the digitisation of pensions administration. The digitisation initiative aims to ensure a seamless and efficient retirement transition for public sector workers while maintaining the sustainability of pension arrangements. Speaking recently with JIS News, Strategic Planning and Stakeholder Engagement Manager in the Ministry, Dr. Kimorley Humphrey, who deals...