The Government is providing tax relief totalling approximately $153.33 million during fiscal year 2023/24. This will result from the provision of Income Tax Credit, totalling $100 million, on the installation of residential solar photovoltaic (PV) systems, and the removal of General Consumption Tax (GCT) on the importation of live horses, small ruminants and pigs, amounting to $53.33 million. Minister of...

Two recipients from the first cohort of Marcus Garvey Public Sector Graduate Scholarship Programme awardees, have graduated from their respective universities and are now the holders of master’s degrees. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure as he opened the 2023/24 Budget Debate in the House of Representatives on Tuesday (March 7)....

Jamaica’s economy is estimated to have expanded by 3.4 per cent in the fourth quarter of 2022, signaling the country’s recovery from the COVID-19 pandemic. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said data from the Planning Institute of Jamaica (PIOJ) indicates that by December 2022, Jamaica not only achieved but surpassed pre-COVID levels of...

A review of the income tax threshold is not possible at this time, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. Opening the 2023/24 Budget Debate in the House of Representatives on Tuesday (March 7), Dr. Clarke said the transition to the new compensation system, the higher levels of pay, and the absorption of non-taxable...

The Government is investing in the construction and renovation of tax offices across Jamaica. The objective is to improve the ease of doing business and create more comfortable spaces for staff and clients. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who made the disclosure while opening the 2023/24 Budget Debate in the House of Representatives...

Upgrading of Jamaica’s banknotes will be implemented by mid-June, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. Making the disclosure while opening the 2023/24 Budget Debate in the House of Representatives on Tuesday (March 7), the Minister said the suite of notes will include a new $2,000 denomination. The Minister told the House that the...

The Jamaica Urban Transit Company’s (JUTC) fleet of buses will be upgraded, with the addition of 200 electric vehicles over the next three years. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said purchase of the buses will commence in the new financial year, with 100 slated to be delivered during 2024/25. Opening the 2023/24 Budget...