- Companies and self-employed persons are reminded that their 4th quarter estimated income tax for the year 2013 is due December 15
- Persons are reminded that they can make their estimated income tax payment online.
- Taxpayers are required to calculate their estimated income and the applicable tax for each year and pay the amount to the Collector of Taxes.
Tax Administration Jamaica (TAJ) is reminding operators of companies and self-employed persons that their 4th quarter estimated income tax for the year 2013 is due December 15. However because the due date falls on Sunday, the payment date has been extended to Monday, December 16.
As TAJ continues to make it easier to do business, persons are reminded that they can make their estimated income tax payment online via the Jamaica Tax Portal at www.jamaicatax-online.gov.jm. Business persons are therefore encouraged to log on to the TAJ website from the convenience of their office or home at any time to pay, using a valid credit card, instead of having to wait in line at a tax office. In addition to the online option, payments may be made at any of the 29 tax offices. Persons paying by cheque may also pay using the electronic drop boxes located in main tax offices.
Under the Income Tax Act, taxpayers are required to calculate their estimated income and the applicable tax for each year and pay the amount to the Collector of Taxes, TAJ in quarterly instalments by March 15, June 15, September 15 and December 15 of each year. However this requirement does not apply to persons whose only source of income is from employment and whose taxes are paid under the Pay As You Earn (PAYE) system.
It should be noted that once business persons make their quarterly income tax payments they will find it easier to settle the obligation declared on their final tax return, which becomes due March 15, as they would have already have been paying estimated amounts on a quarterly basis.
For further information persons may contact the TAJ Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) or visit the website www.jamaicatax.gov.jm