Data from the Economic and Social Survey of Jamaica (ESSJ) 2023 indicate that micro, small and medium-sized enterprises (MSMEs) increased in number and sales relative to 2022. Sales from MSMEs rose by 1.2 per cent, totalling $207.4 billion, driven by the performance of micro and medium-sized firms across various sectors, including Electricity and Water Supply, Mining and Quarrying, and Manufacturing....

The Accountant General’s Department wishes to inform the public that there may be delays in contacting our office and receiving in-person services on Friday, January 17, 2025 due to a disruption in our electrical systems. We apologize for any inconvenience this may cause and appreciate your patience and understanding during this time. We would also like to remind you of...

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...