JIS News

Story Highlights

  • Earlier this week the House of Representatives debated and passed two Bills entitled the Tax Collection (Miscellaneous Provisions) Act, 2014 and the Tax Penalties (Harmonization) Act, 2014.
  • Both Bills are part of a sustained effort at tax reform aimed at transforming the culture of tax evasion and non-compliance which is all too endemic in Jamaica.
  • The Bills, when enacted, will enhance the capacity of Tax Administration Jamaica to collect the revenue and to ensure that taxpayers make the necessary filing and meet their obligations to the general revenue.

Earlier this week the House of Representatives debated and passed two Bills entitled the Tax Collection (Miscellaneous Provisions) Act, 2014 and the Tax Penalties (Harmonization) Act, 2014.

Both Bills are part of a sustained effort at tax reform aimed at transforming the culture of tax evasion and non-compliance which is all too endemic in Jamaica. The Bills, when enacted, will enhance the capacity of Tax Administration Jamaica to collect the revenue and to ensure that taxpayers make the necessary filing and meet their obligations to the general revenue.

Since the debate, issues have been raised, in discussions with the Institute of Chartered Accountants of Jamaica and others, regarding the circumstances under which a lien would be registered on a taxpayer’s property. While we are entirely satisfied, based on legal advice received, that the measures contained in the Bills as they now stand are entirely appropriate, and in keeping with international best practice within Commonwealth countries, it has nevertheless been decided to move an amendment which will ensure that no lien could be registered without a specific order of the court.

This amendment, among others, to be introduced by Senator Mark Golding during the debate in the Senate is in keeping with our determination as an Administration to continue to build a consensus that can embrace all well thinking Jamaicans about the necessity for economic reform generally and specifically in this instance, the need to create a more tax compliant environment.