Tax Administration Jamaica (TAJ) is encouraging employers to utilize the online filing system and submit their annual returns by the March 31 deadline. Manual filing of returns ceased on March 1 this year, when it became mandatory for all employers with more than 20 employees to file the Employer’s annual return SO2 form online via the Jamaica tax portal:  www.jamaicatax-online.gov.jm....

The House of Representatives on Tuesday, March 18, passed the fiscal rule legislation, which is to be enacted by the end of this month. The fiscal rules will seek to bolster transparency within the economy and ensure a sustainable budget. It will also mean that Parliament will have a greater responsibility in the management of the country’s economic affairs. The...

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says despite budgetary resource constraints, the Government has established a protected spending floor of $20.7 billion to cover critical social programmes for the society’s most vulnerable. These programmes include: the Programme of Advancement through Health and Education (PATH); School Feeding Programme; Indoor and Outdoor Poor Relief Programme; Subsidy to Basic Schools;...

The Planning Institute of Jamaica (PIOJ) is expressing satisfaction with the outcomes of the recently concluded Government of Jamaica/European Union/United Nations Environment Programme (GOJ/EU/UNEP) Climate Change Adaptation and Disaster Risk Reduction Project, which it co-managed in partnership with UNEP. The 38-month project, implemented between October 2010 and December 2013, was aimed at assisting in strengthening Jamaica’s ability to adapt to...

The House of Representatives on Tuesday (March 4) approved a Resolution allowing the Government a sum of $72.4 billion to carry on its business for a period of three months, from April 1 to June 30. Moving the resolution, Minister of Finance and Planning, Dr. the Hon. Peter Phillips informed that the sum comprised $61.3 billion for recurrent expenditure and...

By the end of this fiscal year, the country’s debt to gross domestic product (GDP) ratio will be about 139 per cent, down from the 147 per cent of last year. This was stated by Minister of Finance and Planning, Dr. the Hon. Peter Phillips, as he gave an update on the Economic Reform Programme (ERP), at a Stakeholders Conference...

By the end of this fiscal year, the country’s debt to gross domestic product (GDP) ratio will be about 139 per cent, down from the 147 per cent of last year. This was stated by Minister of Finance and Planning, Dr. the Hon. Peter Phillips, as he gave an update on the Economic Reform Programme (ERP), at a Stakeholders Conference...