The first Supplementary Estimates for the 2015/16 financial year was tabled in the House of Representatives on January 19 by Minister of Finance and Planning, Dr. the Hon. Peter Phillips. It reveals that the Budget has been revised upwards from $641.56 billion to $808.42 billion. The increase in the Budget shows that some $165 billion has been allocated for the...

Economic Programme Oversight Committee (EPOC) Co-Chair, Richard Byles, said he expects that Jamaica will pass the International Monetary Fund’s (IMF) 11th quarterly test once tax revenues continue to be ahead of target and the primary surplus target is achieved. He was speaking at EPOC’s monthly press briefing held at Sagicor’s head office in New Kingston on Tuesday (January 19). He...

With the March 15 Income Tax due date just two months away, Tax Administration Jamaica (TAJ) is urging taxpayers to begin preparations to file their income tax returns early and online to avoid the usual last minute rush.   All companies, organisations, self-employed persons, as well as employed persons with additional sources of income, are reminded to file their Annual Income...

The Jamaica Customs Agency (JCA) will be implementing a number of measures this year as it continues to improve its business processes, and reduce cost and waiting time for customers. Among them is the introduction of an Electronic Single Administrative Document, which will integrate all forms currently used at the agency. Speaking with JIS News recently, Commissioner of Customs, Major...

The Government has been working to transform and strengthen its public procurement system, to ensure greater transparency and efficiency in the management of this process. Among the measures in the streamlining of the procurement process to reduce the time and money spent. This was noted  by Director General in the Ministry of Finance and Planning, Dianne McIntosh, while addressing the opening...

The Jamaica Customs Agency (JCA) is urging importers to adhere to regulations governing the importation of commercial and non-commercial goods, in order to prevent being breached for contravention of the Customs Laws.   According to the CEO/Commissioner of Customs, Major (Ret’d) Richard Reese, the JCA has had to deal with several cases in which persons and entities are found in...

General Manager of the Jamaica Stock Exchange (JSE), Marlene Street-Forrest, is encouraging more local companies to list on the stock market. In an interview with JIS News, she said registering on the Jamaica Stock Exchange can generate several benefits for small and medium sized businesses, in addition to raising capital to grow their operations. “What we have found is that...