Tax Administration Jamaica (TAJ) is reminding taxpayers that General Consumption Tax (GCT) returns for the month of May are due on Monday, June 30. The TAJ says the returns may be filed and paid online via the Jamaica Tax Portal, at www.jamaicatax-online.gov.jm However, the TAJ is advising business persons who pay GCT online, that they must ensure that the return is...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips says the economy has seen a number of recent gains such as the finalization of US$3 billion in investments; increased employment; below target inflation; and a narrowing of current account balance of payments. He outlined the achievements while addressing a luncheon with Managing Director of the International Monetary Fund (IMF),...

International Monetary Fund (IMF) Managing Director, Christine Lagarde, has commended the Government’s establishment of the Economic Programme Oversight Committee (EPOC). The Committee monitors the implementation of Jamaica’s economic reform measures. Describing it as a display of “real innovation” by the administration, Madame Lagarde said the concept is indicative of multi-sectoral ownership of, and support for the programme. She made these...

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, says she is confident in Jamaica’s ability to sustain and enhance economic stability, through Government’s implementation of the Economic Reform Programme (ERP). She also expresses similar confidence for other Caribbean islands, which she says are also undertaking similar programmes. The IMF Chief made her remarks while delivering a special lecture...

The overwhelming response to the first ‘Street Style Cook-Up’ initiative in Kingston earlier this year, sponsored by cooking gas company, Gas Products Limited (GASPRO), bodes well for other sections of the island being targeted over the next four years. This unique project, being implemented in partnership with the Community Renewal Programme (CRP) of the Planning Institute of Jamaica (PIOJ) and...

On June 20, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and fourth review through the Extended Arrangement under the Extended Fund Facility (EFF) with Jamaica. The completion of the review enables the disbursement of an amount equivalent to SDR 45.95 million (about US$70.9 million) bringing the total disbursements under the arrangement to SDR...

Tax Administration Jamaica (TAJ) is reminding companies and individuals in business that the first payment of $30,000 for the new Minimum Business Tax (MBT) is due by June 15. Payment is to be made at any tax office, using a payment advice. The MBT, which was implemented in April 2014, requires persons operating a business to pay a Minimum Business...