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Prime Minister Bruce Golding has warned that no International Monetary Fund (IMF) agreement, World Bank or Inter-American Development Bank (IDB) arrangement, can solve the long-term problems facing Jamaica. Mr. Golding said that while the country may need an IMF agreement to assist it through this immediate economic storm, it will not solve the problems of Jamaica because the problems are...

Minister without portfolio in the Ministry of Finance and the Public Service, Senator Don Wehby, has urged Jamaicans to return to a society of good values and positive attitudes. "We need to create what I would describe as a culture of excellence. But sometimes when I listen to the lyrics of the popular music, I hear recurring themes of violence,...

Minister of Finance and the Public Service, Hon. Audley Shaw, today announced that the implementation date of July 1 for the consolidation of statutory deductions, will be changed. Minister Shaw said that several important features of the initiative, including amendments to existing legislation and further consultation with stakeholders, required more time in order to facilitate a seamless and orderly implementation...

Prime Minister the Hon. Bruce Golding and Minister of Finance and the Public Service, Hon. Audley Shaw, will meet with the social partnership group on June 25 to discuss the terms under which the country should enter into a funding arrangement with the International Monetary Fund (IMF). This follows a directive from Cabinet for Government to explore the IMF stand-by...

Prime Minister Bruce Golding will consult the Social Partnership Group on Thursday, June 25, on the terms under which Jamaica should enter into a funding arrangement with the International Monetary Fund (IMF). This follows a Cabinet directive that Jamaica should explore the IMF Standby Facility in order to keep the goals for the Medium Term Economic Programme (MTEP) on track....

The Tax Administration Department (TAD) is seeking to simplify the process of obtaining a Tax Compliance Certificate (TCC). TCCs are required for several transactions in Jamaica, especially for businesses seeking to secure a Government contract valuing more than $250,000. At a function held recently at the offices of Jamaica Trade and Invest (JTI) in Kingston, Commissioner of the Taxpayer Audit...

The Ministry of Finance and the Public Service has launched a programme to sensitise officers involved in public sector procurement to new developments in the system. The public procurement workshop, officially launched at the Jamaica Conference Centre, downtown Kingston, on Wednesday (June 17), aims to familiarise the officers with new instruments and regulations governing procurement procedures in the public service...

In an effort to improve service delivery to clients and encourage greater compliance, the Tax Administration of Jamaica opened the new, modern 'one stop' Savanna-La-Mar Tax Office in Westmoreland on Thursday (June 11). The relocated office is now in the Hendon Mall, Beckford Street, and accommodates the staff of both the Inland Revenue Department (IRD) and the Taxpayer Audit and...

Minister of State in the Ministry of Finance and the Public Service, Senator Arthur Williams, says that the aim of tax reform is to ensure that Jamaica develops a system that is simple, fair and competitive. "The system, we believe, should promote economic growth and act as a vehicle for development, and it should be efficiently administered," Senator Williams said....

Manager of the Tax Administration's newly opened Customer Care Centre, Samantha Myers, says there has been an overwhelming response from taxpayers, with the centre receiving over 2,000 calls since it opened on April 1. The Centre, which operates out of the May Pen Inland Revenue Department, in Clarendon offers an outbound and inbound service. Customers use the inbound service to...

The Consumer Affairs Commission (CAC) will publish a survey of financial institutions transaction charges in the Commission's public survey reports, starting next Wednesday. Minister of Industry, Investment and Commerce, Hon. Karl Samuda, made the announcement of the date of the publication on Thursday (June 4), while addressing a press briefing at his Ministry, St. Lucia Avenue, New Kingston. "You will...

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that Jamaica will utilise the period of the global recession to transform its economy to reduce reliance on foreign exchange. Speaking to Jamaicans in the Diaspora Thursday night (June 4) at the JN Outlook Series, in Fort Lauderdale, Florida, U.S.A. he said there has to be a framework...