International Monetary Fund (IMF) Caribbean member countries could benefit from as much as US$2.4 billion in additional liquidity support, under the entity’s newly proposed US$650-billion Special Drawing Rights (SDR) allocation. The overall provision is intended to aid in the global recovery from the economic fallout resulting from the coronavirus (COVID-19) pandemic, by supplementing the reserve assets of the IMF’s 190-member...

The Public Procurement Commission (PPC) is playing a critical role in nation building by monitoring the way that government/public sector entities spend taxpayers’ money in obtaining goods, services and infrastructural works. Pointing to the salient role in which the Commission is engaged Chairman of the PPC Mr Raymond McIntyre asserts, “The PPC’s first role, therefore, in nation building is to...

The Revenue Appeals Division (RAD) in the Ministry of Finance and the Public Service is on target to meet its case turnaround time goal in 2022. This information was shared by the Commissioner of Revenue Appeals, Dr. Deloree Staple-Chambers, during the premiere of the RAD’s 5th Anniversary Documentary on June 16. Along with the reduction in case backlog, the RAD...

Tax Administration Jamaica (TAJ) will begin hosting a series of webinar events aimed at increasing taxpayer education and external stakeholder engagements. A webinar will be hosted each quarter and will continue for the remainder of the 2021/22 financial year. The first webinar is scheduled to take place on Wednesday, June 16, 2021 at 10:00 a.m. via the Microsoft Teams platform, and will be free...

Tax Administration Jamaica (TAJ) wishes to advise the public that the St. Andrew Revenue Service Centre located in Constant Spring, will partially reopen to the public on Monday, June 14, 2021 offering limited, non-cash services. The interim arrangements have been made, following an assessment of the damage caused and restoration work required following a fire incident a week earlier. The...

Tax Administration Jamaica (TAJ) is reminding business persons that their 2nd quarter Estimated Corporate Income Tax or Self-employed Statutory Payments are due on Tuesday, June 15, 2021. Additionally, employer’s monthly Statutory Payroll Deductions (S01) for the month of May are due on June 14. Customers have the convenience of several channels to make these payments without having to visit a Tax Office to do so. Business persons are being encouraged to use TAJ’s online service option as it accommodates the filing...

New applications for the Supporting Employees with the Transfer of Cash (SET Cash) and the Business Employee Support and Transfer of Cash (BEST Cash) initiatives, will close on June 13, 2021. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, during a statement to the House of Representatives on June 8. The SET...