Tax Administration Jamaica (TAJ) is urging persons, who have difficulty meeting their tax obligations to speak with its compliance officers to avoid enforcement action. In a release issued on July 16, the TAJ said during this fiscal year, it will be increasing enforcement action against delinquent taxpayers and also make it public. The TAJ noted that during the months of...

The Bank of Jamaica (BoJ) is reporting that at the end of June 2014, the country’s Net International Reserves (NIR) increased to US$1.37 billion up from US$1.16 billion at the end of May 2014. The BoJ said the increase has resulted from growth in the country’s foreign assets and a decrease in its foreign liabilities. According to the central bank,...

A total of 3,062 contracts, valued at approximately $50.5 billion, were awarded by Government during the 2013/14 fiscal year, for the provision of a range of services for Ministries, Departments, and Agencies. Of this number 2,537 were for the provision of general services; 339 - consultancy services; 105 - security services; and 81 - janitorial services. This was disclosed by...

A Bill to legislate the newly proposed Government public procurement regime is to be tabled in the House of Representatives shortly. The new regime outlines a number of activities which have either been undertaken or are slated for implementation to strengthen the procurement process. This was disclosed by Minister without Portfolio (Public Service), Ministry of Finance and Planning, Hon. Horace...

Government is mindful of the potential of iGaming or Internet Gaming and is reviewing the possibilities for regulating this platform in Jamaica, says Minister with Responsibility for the Public Service in the Ministry of Finance and Planning, Hon. Horace Dalley. “Internet Gaming is the future of gaming. This online gaming business is advancing and changing the model of the gambling industry...

Minister with responsibility for the Public Service in the Ministry of Finance and Planning, Hon. Horace Dalley, is assuring that the process to transform and modernize the public sector is advancing steadily. “The progress might be a bit slow, but you have to be aware that the Jamaican public sector is extremely complex,” the Minister said. He was making his...

Sixty-five contractors have been invited to submit their applications to the National Contracts Commission (NCC) for registration. They were among 84 contractors who were denied registration by the NCC on the grounds that the Office of the Contractor General (OCG) was investigating them and had referred their files to the Fraud Squad. Making his contribution to the 2014/15 Sectoral Debate...