Tax Administration Jamaica (TAJ) is announcing the launch of a Special Arrears Settlement Programme, designed to waive/remit Interest, Penalty and Surcharge (IPS) accrued once outstanding principal taxes are paid by March 31, 2025. This provides an opportunity for all persons and businesses, whether self-employed, company or organisations, to clear their debts, without the additional costs typically associated with late filing...

Jamaica continues to enjoy a declining unemployment rate, with the out-turn falling to a new record low 3.5 per cent as at October 2024. This represents a decrease from the previous record of 3.6 per cent in July 2024, based on the Statistical Institute of Jamaica’s Labour Force Surveys for both months, showcasing a positive trend in job creation and...

The Statistical Institute of Jamaica (STATIN) is pleased to present the key indicators from the October 2024 Labour Force Survey (LFS), the fourth release since the revision of the survey. The introduction of the new labour force survey in January 2024, represents a significant break in the series and is not comparable with previous survey data. Highlights from the October...

The Government is continuing the implementation of tax reforms, deemed critical to fostering sustainable inclusive economic growth in Jamaica. Among the initiatives Prime Minister, Dr. the Most Hon. Andrew Holness, indicated is consolidation of payroll taxes into a single deduction system, with a target implementation date of January 2026. “By [then] we should have a single social contribution payroll system...

As the Government pivots to growth, Prime Minister, Dr. the Most Hon. Andrew Holness, has renewed his commitment to establish Jamaica as an international financial services centre. "It is our intention to ensure that we complete the legislative framework... as we stand on the brink of transforming Jamaica into an international financial services powerhouse," he said, calling on all stakeholders...

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...