Mr. Denford Edwards, Senior Tax Collector, Tax Administration Jamaica, who was arrested and charged by the Revenue Protection Division (RPD),  was sentenced to nine (9) months imprisonment, having been found guilty of Obtaining Money by Means of False Pretences in the Halfway Tree Resident Magistrate’s Court, Criminal Division earlier this week. Mr. Edwards collected a sum of money from a...

A total of $4.6 billion is expected to be raised from the increase in Special Consumption Tax (SCT) on petroleum products, to fund the oil hedge programme this fiscal year. It is intended that $5 out of every litre of oil will go towards funding the programme, which seeks to reduce the country’s exposure to the changes in crude oil...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says the revenue intake for the first four months of the 2015/16 fiscal year, ending July 31, totalled $127.2 billion, some $2.9 billion more than the initial projection. He added that this is also $16.5 billion higher than the intake for the corresponding period last year. Mr. Byles was speaking...

Minister without Portfolio in the Finance and Planning Ministry, Hon. Horace Dalley, says the Government is firmly committed to growing the economy by improving trade facilitation. “We intend to take all measures, we intend to review all processes, and we intend to look at the operations of every single agency that is involved in the facilitation of trade. Whatever we...

Financial institutions will have the flexibility to open and close their doors as they see fit, under new banking regulations, which were passed in the House of Representatives on Wednesday, September 2. Changes to banking hours may be permitted under the Banking Services (Hours of Opening) Regulations, 2015, as long as the institutions are open to the public for at...

Finance and Planning Minister, Hon. Dr. Peter Phillips, will lead a delegation to the People Republic of China from September 9 to 15, for the ministerial seminar on Sustainable Economic Development for Developing Countries. Minister with responsibility for Information, Senator the Hon. Sandrea Falconer, said while in China, Dr. Phillips will be engaged in meetings with authorities in the Chinese...

The Accountant General’s Department (AGD), the central government body responsible for administering salaries and making most payments for Ministries, Departments, and Agencies (MDAs), has been modernizing its system to provide more efficient services. This engagement is being facilitated through a modernization programme, which it has been implementing since 2013, and is intended to revise the Department’s various units and processes,...