Managing Director of the United States based investment firm, Oppenheimer and Company Inc., Gregory Fisher, says Jamaica is well positioned to make further economic gains this year, given what the government has done so far, under the tight economic programme with the International Monetary Fund (IMF). Mr. Fisher said 2014 will be a very important year for Jamaica and pointed...

Local businesses and entrepreneurs are being urged to file and pay their monthly payroll statutory deductions on time in order to qualify for Employment Tax Credit. Director of Communications at Tax Administration Jamaica (TAJ), Meris Haughton, says Employment Tax Credit is an incentive designed to achieve greater compliance in the filing of taxes, in full and on time. “So for...

The House of Representatives, on Tuesday, December 24, affirmed the Civil Service General Order of 2013, which indicates changes that have been made in the civil service establishment since 2012. Minister with responsibility for Public Service in the Ministry of Finance and Planning, Horace Dalley, who tabled the Order in the House on December 17, explained that it reflects changes...

The Executive Board of the International Monetary Fund (IMF) has approved a disbursement of some US$30.8 million (SDR 19.97 million) for Jamaica. The allocation follows Wednesday’s (December 18) completion of the second review of Jamaica’s economic performance by the IMF’s Executive Board under a programme supported by an Extended Fund Facility (EFF) arrangement. The amount brings total disbursements under the...

Tax Administration Jamaica (TAJ) is reminding operators of companies and self-employed persons that their 4th quarter estimated income tax for the year 2013 is due December 15. However because the due date falls on Sunday, the payment date has been extended to Monday, December 16. As TAJ continues to make it easier to do business, persons are reminded that they...

The House of Representatives, on December 10, passed legislation to combat the establishment of unlawful financial organisations commonly known as ponzi or pyramid schemes. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, who piloted the Securities (Amendment) Act, said the Bill addresses issues, which have emerged since the last round of comprehensive legislative changes to improve financial regulations, as...

A White Paper on Flexible Work Arrangements has been prepared, as Government intensifies its thrust to boost the country’s productivity levels. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, who made the disclosure at a Labour Market Forum at the Jamaica Pegasus Hotel in New Kingston on December 10, said the document, which will be made available for...