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The House of Representative.

House Approves Legislation on Telephone Tax

Legislation was passed in the House of Representatives on March 16 giving legal authority to the Government to collect taxes imposed on certain telephone calls since 2012. The Bills, the Telephone Calls Tax Act, 2017 and the Telephone Calls Tax...

Minister of Finance and the Public Service, Hon. Audley Shaw (left), shares a light moment with Chairman of the Development Bank of Jamaica (DBJ), Christopher Zacca, at a consultation to discuss the DBJ/World Bank Environmental and Social Management Framework Policy, at The Jamaica Pegasus hotel on Wednesday, March 15.

Banks Urged to Improve Access to Financing for MSMEs

Accountant General, Carlene Murdock, updating JIS News on the Central Treasury Management System (CTMS).

Central Treasury Management System Improving Efficiency

State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams, speaking at a recently held Business Process Outsourcing (BPO) stakeholders’ breakfast in Montego Bay, St. James. (FILE)

State Minister Highlights Importance of BPO Sector

Finance and the Public Service Minister, Hon. Audley Shaw (2nd left), emphasises a point during Monday’s (March 13) post-Budget media briefing at the Ministry’s National Heroes Circle offices in Kingston. Others (from left) are State Minister, Hon. Fayval Williams; Financial Secretary, Everton McFarlane; and Bank of Jamaica Governor, Brian Wynter.

Gov’t has Made Provisions in Budget for Vulnerable Persons – Shaw

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Finance and the Public Service Minister, Hon. Audley Shaw (left), responds to a question during Monday’s (March 13) post-Budget media briefing at the Ministry’s National Heroes Circle offices in Kingston. At right is Financial Secretary, Everton McFarlane.

9 years ago Finance & Public Service

Finance Minister Says Gov’t Plans to Discontinue Taking Funds from NHT

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government plans to discontinue withdrawing funds from the National Housing Trust (NHT) to finance the Budget. Responding to questions at a post-Budget media briefing at the Ministry’s National Heroes Circle offices in Kingston, yesterday (March 13), Mr. Shaw said the drawdown this year is necessary for the phase two...

Finance and THE Public Service Minister, Hon. Audley Shaw (4th left), addresses journalists during Monday’s (March 13) post-Budget media briefing at the Ministry’s National Heroes Circle offices in Kingston. Others (from left) are Senior Advisor in the Ministry and Government Senator, Aubyn Hill; State Ministers, Hon. Rudyard Spencer and Fayval Williams; Financial Secretary, Everton McFarlane; and Bank of Jamaica Governor, Brian Wynter.

9 years ago Finance & Public Service

Gov’t to Manage Large Surpluses of State Agencies

The Government is conducting a forensic review of state agencies which have significant financial surpluses in accounts, totalling nearly $200 billion, with a view to incorporating these in the Administration’s central operations. Speaking at a post-Budget media briefing, today (March 13), at his National Heroes Circle offices in Kingston, Finance and the Public Service Minister, Hon. Audley Shaw, said the...

9 years ago Finance & Public Service

Public Bodies to be Categorised

The Government will be moving to categorise public bodies to facilitate more focused oversight and monitoring, in a principle-based approach to the new policy of rationalisation. Minister of Finance and the Public Service, Hon. Audley Shaw, said the Government will be conducting further rationalisation based on the need for the entity and its function and according to the best modality...

Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)

9 years ago Finance & Public Service

New Property Tax Regime April 1

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced that a new property tax regime will be adopted starting April 1. Opening the 2017/18 Budget Debate in the House of Representatives on March 9, Mr. Shaw informed that as of April 1, property tax liabilities will be based on the adoption of the 2013 valuation roll. “In...

9 years ago Budget 2017/2018Finance & Public Service

Finsac Report to be Available in Six Months

The report from the Financial Sector Adjustment Company (FINSAC) Commission of Enquiry into the collapse of the financial sector is expected to be completed within the next six months. Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure while opening the 2017/18 Budget Debate in the House of Representatives on Thursday (March 9). The Minister, earlier...

Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)

9 years ago Finance & Public Service

Gov’t Making Banking Services more Accessible

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government is making banking services more accessible to Jamaicans. This is through approval of the Banking Services (Deposit Taking Institutions) (Agent Banking) Regulations in the House of Representatives last year, which allows third-party locations to offer services such as withdrawals, payment of bills and loans, and electronic transfers of...

9 years ago Finance & Public Service

Personal Income Tax Threshold Moves to $1.5 Million April 1

Effective April 1, 2017, the personal income tax threshold will be increased from $1 million to $1.5 million. Minister of Finance and the Public Service, Hon. Audley Shaw, made the announcement as he opened the 2017/18 Budget Debate in the House of Representatives on March 9. Mr. Shaw said currently, there are 469,131 Jamaicans who are on the Pay As...