Minister of Finance and the Public Service, Hon. Audley Shaw, says the Government will not implement the retroactive provision under the transfer pricing tax regime. “I am not going to insist that the transfer pricing submissions be made retroactive to last year. It does not make sense,” Mr. Shaw asserted, while addressing a Private Sector Organisation of Jamaica (PSOJ) President’s...

The Government is to pay the new rates for pensioners starting April 2016. Minister of Finance and the Public Service, Hon. Audley Shaw, who made the disclosure during the sitting of the House of Representatives on Tuesday (March 29), said the payments will be retroactive to July 2015. Approximately 35,000 pensioners including spouses and dependents paid by the Accountant General...

Minister of Finance and the Public Service, Hon. Audley Shaw, has advised that the Administration will be continuing the operations of the Jamaica Stock Exchange’s Junior Market (Junior Stock Exchange). “I have given instructions to maintain the Junior Stock Exchange, effective April 1, 2016,” he said, while addressing a Private Sector Organisation of Jamaica (PSOJ) President’s Forum at the Jamaica Pegasus...

The House of Representatives, on Tuesday (March 29), approved a Resolution which will provide the Government with a sum of $83.83 billion to carry-on its business for a period of three months, from April 1 to June 30. Moving the resolution, Minister of Finance and the Public Service, Hon. Audley Shaw, informed that the sum comprised $76.46 billion for recurrent...

Minister of Finance and the Public Service, Hon. Audley Shaw, is meeting with the Principals of Bauxite Company today (March 30) to discuss specific issues regarding the company. Among the issues on the tabled are: the recent filing of bankruptcy by parent company,  Noranda Aluminium Holding Corporation (NAHC) and the recent arbitration ruling in favour of the Jamaican Government’s right...

Minister of Finance and the Public Service, Hon. Audley Shaw, is assuring that the Government remains committed to fulfilling its plan, in the next fiscal year, to provide a tax break for persons earning up to $1.5 million. “This promise is going to be kept,” the Minister said, as he addressed the Private Sector Organisation of Jamaica (PSOJ) President’s Forum, today...

A carry on budget of $83 billion will be tabled in the House of Representatives at its next sitting on Tuesday, March 29. This was disclosed by Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, at today’s (March 22) post Cabinet press briefing, held at the Office of Prime Minister (OPM), in Kingston. The carry on budget...