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Director, Professional Services Unit at the Mona School of Business, Dr. William Lawrence (left), and Managing Director of the Development Bank of Jamaica (DBJ), Milverton Reynolds (centre), sign a Memorandum of Understanding (MoU) for the creation of a web database that will provide information on financing options for small businesses. The signing ceremony was held on September 11, at the University of the West Indies’ (UWI) Mona campus. Looking on (from second left) are Attorney-at- law and Lecturer at the Mona School of Business, Shirley-Ann Eaton; General Manager, Strategic Services Division, DBJ, Claudine Tracey; and Executive Director, Mona School of Business and Management, Dr. Densil Williams.
Director, Professional Services Unit at the Mona School of Business, Dr. William Lawrence (left), and Managing Director of the Development Bank of Jamaica (DBJ), Milverton Reynolds (centre), sign a Memorandum of Understanding (MoU) for the creation of a web database that will provide information on financing options for small businesses. The signing ceremony was held on September 11, at the University of the West Indies’ (UWI) Mona campus. Looking on (from second left) are Attorney-at- law and Lecturer at the Mona School of Business, Shirley-Ann Eaton; General Manager, Strategic Services Division, DBJ, Claudine Tracey; and Executive Director, Mona School of Business and Management, Dr. Densil Williams.

Online Database to Provide Sources of Financing for Small Businesses

Operators of Micro, Small, and Medium Enterprises (MSMEs) will soon have access to an online database that will provide information on sources of financing for their businesses. A Memorandum of Understanding (MoU), to facilitate and create the database, was signed...
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (right), is in discussion with Chairman of the Development Bank of Jamaica, Joseph Matalon, during the official opening of the 2nd annual Venture Capital Conference on September 9, at the Jamaica Conference Centre, downtown Kingston.
Minister of Finance and Planning, Dr. the Hon. Peter Phillips (right), is in discussion with Chairman of the Development Bank of Jamaica, Joseph Matalon, during the official opening of the 2nd annual Venture Capital Conference on September 9, at the Jamaica Conference Centre, downtown Kingston.

Legal Framework for Venture Capital Programme by 2015/16
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at a press briefing on Monday, September 8. He gave an update on the performance of the economy.
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing journalists at a press briefing on Monday, September 8. He gave an update on the performance of the economy.

Jamaicans Should Exercise Patience – EPOC Co-Chair
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles. (FILE)
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles. (FILE)

Jamaica Continues to Perform Well Under Economic Reform Programme
Technical Specialist at Tax Administration of Jamaica (TAJ), Monica Walker (2nd left), engages in discussion with (from left): Director of Tax Policy at the Ministry of Finance and Planning, Ian Scarlette; President of the Manchester Chamber of Commerce, Loven McCook; and Tax Education Manager at the Mandeville Branch of TAJ, Andrew Hyman. Occasion was a meeting with members of the Manchester chamber held on September 5, at the Golf View Hotel in Mandeville.
Technical Specialist at Tax Administration of Jamaica (TAJ), Monica Walker (2nd left), engages in discussion with (from left): Director of Tax Policy at the Ministry of Finance and Planning, Ian Scarlette; President of the Manchester Chamber of Commerce, Loven McCook; and Tax Education Manager at the Mandeville Branch of TAJ, Andrew Hyman. Occasion was a meeting with members of the Manchester chamber held on September 5, at the Golf View Hotel in Mandeville.

Fiscal Incentives Regime to Boost Business

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Finance & Public Service

Addressing Corruption A Priority – Dr. Phillips

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says addressing the issue of corruption remains a national priority. He says public perception of corruption continues to mar the political process in Jamaica, despite the passage of various pieces of legislation and strengthening of extensive requirements for the reporting of incomes by public officials. “There is perhaps no single...
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Finance & Public Service

Second Installment of Minimum Business Tax Due September 15

Tax Administration Jamaica (TAJ) is reminding business owners that the second payment of $30,000 for the Minimum Business Tax is due on Monday, September 15. The tax, which was implemented on April 1, 2014, requires persons operating a business to pay $60,000 per year in two installments, the first of which was due on June 15. Business owners, who pay the...
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Finance and Planning Minister, Dr. the Hon. Peter Phillips (second right), addresses the signing ceremony for three loans totalling US$105 million between Jamaica and the World Bank, at the bank’s headquarters in Washington, D.C., on September 3. Others (from right) are: World Bank Country Director for Jamaica, Sophia Sirtiane; World Bank Alternate Executive Director for Canada, Ireland and the Caribbean, Janet Harris; Ambassador to the United States, His Excellency Stephen Vasciannie and Governor of the Bank of Jamaica, Brian Wynter.
Finance & Public Service

Jamaica and World Bank Sign US$105 Million Loans

Three loans totalling US$105 million were signed by the Government and the World Bank, at its headquarters in Washington, D.C., on September 3. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, signed on behalf of Jamaica, while World Bank Country Director for the country, Ms. Sophia Sirtaine, signed for the bank. The loans are in support of three...
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Leader of the Opposition, Dr. Peter Phillips.
Finance & Public Service

Finance Minister Leads Delegation to Washington for Talks With US Officials and IMF

Finance and Planning Minister, Dr. the Hon. Peter Phillips, left the island today (1 September 2014),  for Washington D. C., to engage in a series of discussions with officials from the U.S. Treasury, U.S. State Department, the International Monetary Fund, (IMF), the Inter-American Development Bank (IADB), and the World Bank (IBRD). The meetings and technical discussions will focus on the...
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Tax Administration Jamaica (TAJ) Technical Specialist, Monica Walker (right), is engaged in conversation by Small Business Association of Jamaica (SBAJ) Acting President, Bridgette Steele, during Thursday’s (August 28) forum, held at the Private Sector Organization of Jamaica’s (PSOJ) offices, Hope Road, St. Andrew.
Finance & Public Service

Companies Reminded to Pay Minimum Business Tax

Tax Administration Jamaica (TAJ) is reminding owners and operators of businesses that they are required by law to pay the Minimum Business Tax (MBT) of $60,000 per annum, on their operations. The reminder comes as the TAJ moves to significantly reduce the high level of non-compliance among the 62,000 companies on file. Speaking at special taxation forum held on Thursday...
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Finance & Public Service

Delay in Processing of Driver’s Licence

Tax Administration Jamaica (TAJ) is advising members of the public that they may encounter some inconvenience with the processing of driver’s licences at the Revenue Service Centres islandwide. The TAJ says this is as a result of incorrect lamination pouches received earlier, which caused its supplies to be depleted sooner than anticipated. This will therefore cause an unanticipated delay in...
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