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KINGSTON — Cabinet has approved new boards for the Jamaica 4-H Clubs, the Sugar Company of Jamaica Holdings Limited and the Sports Development Foundation (SDF). Details of the appointments were given by Minister with responsibility for Information, Telecommunications and Special Projects, Hon. Daryl Vaz, at a Post Cabinet press briefing at Jamaica House, yesterday. For the Jamaica 4-H Clubs, the...

KINGSTON — Minister of Transport and Works, Hon Mike Henry, defended the credibility of the Jamaica Development Infrastructure Programme (JDIP), during his budget presentation in the House of Representatives yesterday. Mr. Henry said that the loan for the programme had to be from the Export/ Import Bank of China to the Government of Jamaica, with an interest rate of three...

KINGSTON — The significant contribution made by public bodies to economic growth and development in Jamaica is expected to continue this financial year. According to a Fiscal Policy Paper, which was tabled in the House of Representatives by Finance and Planning Minister, Hon. Audley Shaw, last week, the contribution of public bodies has been critical at the micro and macro...

KINGSTON — The Government has budgeted an additional $750 million in support for the Road Maintenance Fund (RMF). In his Budget Debate presentation in Parliament Tuesday April 28, Minister of Finance and the Public Service, Hon. Audley Shaw said this will ensure the financing of 15 per cent down payment on US$100 million for expenditure under the Jamaica Development Infrastructure...

KINGSTON — The PetroCaribe Development Fund will make available a total of $28.5 billion in loan financing to Central Government and self-financing public bodies, Minister of Finance and the Public Service, Hon. Audley Shaw has said. In his Budget Debate presentation at Gordon House on April 28, Mr. Shaw said the Fund will also play a critical role in financing...

KINGSTON — The Government will give up $330 million in revenues payable under new tax measures announced by the Minister of Finance and the Public Service, Hon Audley Shaw, in the House of Representatives on Thursday April 28. It will cost the Government some $300 million for the reduction in fees on Probate, Letters of Administration and Transfer Tax on...

KINGSTON — Minister of Finance and the Public Service, Hon. Audley Shaw, says Government’s primary objective will be to make full use of current financial stability to create a base for growth and prosperity. Opening of the Budget Debate in Parliament on Thursday April 28, Mr. Shaw said the Government plans to achieve a balanced budget by 2015/16. He said...

KINGSTON — Minister of Finance and the Public Service, Hon. Audley Shaw, says that the modernization of the Central Treasury Management System (CTMS) is far advanced, and a series of strategic improvements has begun. Opening the 2011/12 Budget Debate in the House of Representatives, Thursday April 27, Mr. Shaw said this system will create a single treasury account, to better...

KINGSTON — Finance and the Public Service Minister, Hon. Audley Shaw,said that the establishment of Tax Administration Jamaica (TAJ) should take effect on May 1. The creation of the single entity for tax administration is being facilitated by the merger of the Inland Revenue Department (IRD), the Taxpayer Audit and Assessment Department (TAAD) and the Tax Administration Services Department (TASD)....

KINGSTON — With just days before the Government’s new tax-cheat hotline officially goes into operation, the number announced by Finance and Public Service Minister, Hon. Audley Shaw on April 28 is already being bombarded with calls. Director General for Tax Administration, Viralee Latibeaudiere, said April 29, that while the hotline does not officially open until May 1 “several hundred eager...

KINGSTON — Finance and Public Service Minister, Hon. Audley Shaw says that a tax reform process is to be undertaken, which is planned for implementation in three stages. The move is in keeping with the medium-term (three-year) tax policy framework proposed for Jamaica, which is aimed at simplifying and ensuring equity in the tax system, while meeting the revenue demands...

KINGSTON — The Tax Administration will be introducing a National Compliance Programme (NCP) this fiscal year, making it mandatory for certain individuals to file annual income tax returns. Minister of Finance and the Public Service, Hon. Audley Shaw, made the announcement in his opening Budget presentation for 2011/2012, in the House of Representatives on Thursday, April 28, under the theme...