Statutory Deductions for September 2023 (S01) Due Tuesday October 17

Tax Administration Jamaica (TAJ) wishes to advise employers that monthly statutory deductions (S01) for September are due on Tuesday, October 17, 2023.

This is because of the usual due date of the 14th day of the month falling on the weekend, and the Monday being a public holiday.

Taxpayers may therefore submit their September S01 the following business day, Tuesday, October 17 without incurring any penalty.

Business persons are reminded of the host of payment options at their fingertips, which includes via the TAJ Direct Funds Transfer process for business-related tax payments.

This is in addition to customers being able to make payments via the Tax Authority’s website www.jamaicatax.gov.jm using a credit card, or other banking card with credit card features, or using the Scotiabank’s electronic funds transfer via TAJ’s website up to a maximum of $99,999,999.00.

Additionally, taxpayers can utilize Scotia Online and Mobile App, in addition to being able to make tax payments via the National Commercial Bank, as the respective clientele are able to use their online banking platforms by adding TAJ as a Payee.

Additionally, employers are urged to make their payments on time so they can benefit from an employment tax credit.

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 each month of that year.

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

Further, in response to feedback from Small and Medium-sized Enterprise (SME) customers, the online declaration for monthly payroll deductions (S01) has been enhanced to include a direct link to download the excel template that is recommended for use by persons/businesses with more than 5 employees.

This will make it easier for persons to comply with the online declaration requirement.

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.