Statutory Deductions for December 2023 (S01) Due Monday, January 15

Tax Administration Jamaica (TAJ) wishes to advise employers that statutory deductions (S01) for December are due on Monday January 15, 2024.

This is as a result of the usual due date of the 14th day of the month falling on the weekend.

Taxpayers will therefore be allowed to submit their December S01 the following business day, Monday January, 15, 2023 without incurring any penalty.

Employers are reminded that they have several payment options at their fingertips. These include via TAJ’s tax portal at www.jamaicatax.gov.jm, using a credit card or any banking card with credit card features; the National Commercial Bank’s online platform; Scotia’s online and mobile app platform by adding TAJ as a payee as well as using Scotiabank’s automatic direct deposit via TAJ’s website; or via the Direct Funds Transfer process.

Additionally, employers are reminded that they can benefit from the Employment Tax Credit (ETC) if they make their payments on-time and in full.

Eligible persons MUST file and pay their monthly statutory payroll deductions (S01) on time.

Such employers may claim the total amount of payroll statutory contributions for Education Tax, NHT, NIS and HEART, that is, both the employee and employer portions, which have been declared and paid on time for that year.

The maximum amount that can be claimed is thirty percent (30%) of the Income Tax payable in the year of assessment for unregulated entities.

For further information, persons may contact the Tax Administration’s Customer Care Centre at 888-Tax-Help (888-829-4357) toll-free or visit our website at www.jamaicatax.gov.jm.