Tax Administration Jamaica (TAJ) is reminding business operators that they have less than two (2) weeks remaining to file their income tax returns ahead of the March 15 deadline. Self-employed individuals, partners, companies, other bodies and employed persons with additional sources of income are therefore urged to prepare and file their annual return for 2014 and declare their estimated income...

The Planning Institute of Jamaica (PIOJ) will continue the implementation of the European Development Fund (EDF) Economic Partnership Agreement (EPA) Capacity Building Project, this year, with a $37.9 million allocation in the 2015/16 Estimates of Expenditure, now before Parliament. The project aims to facilitate increased production and more diversified export of agricultural and agro-processed products to the European Union (EU)...

The Ministry of Finance and Planning will continue work this year to transform its operations into a high performing Centre of Excellence with an allocation of just over $24 million, set aside in the 2015/16 Estimates of Expenditure, now before Parliament. The project, which commenced in August 2014, seeks to effect the transformation through adoption of a new organisational structure...

The Ministry of Finance and Planning will continue implementation of the Government’s Fiscal Administration Modernization Programme. This will be done with the $1.4 billion allocated in the 2015/16 Estimates of Expenditure, currently before Parliament. The project, which commenced in December 2011, seeks to support the Government in achieving a sustainable fiscal position by strengthening the Finance Ministry’s institutional capacity to...

The Planning Institute of Jamaica (PIOJ) has been allocated an additional $10 million in the 2015/16 Estimates of Expenditure, now before Parliament, to continue implementation of a project designed to assist persons understand the social effects of the financial crisis. The project, which commenced in June 2010, is intended to strengthen the capacity and generate knowledge of persons that would...

Consumption Taxes for the month of January were due to be filed at the end of February, however Tax Administration Jamaica (TAJ) is allowing taxpayers until Tuesday, March 3, 2015 to file and pay their General Consumption Tax (GCT), Special Consumption Tax (SCT), Telephone Call Tax (TCT) and Guest Accommodation Room Tax (GART) returns without any late charges being applied....

The House of Representatives has approved the withdrawal of US$12 million from the Capital Development Fund (CDF) to settle Jamaica Bauxite Mining Limited’s debt obligations to Glencore Limited. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, explained that this represents quarterly payments due on outstanding debts in the 2015/16 financial year. Speaking in the House on February 24,...