Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the recently passed Omnibus Tax Incentive legislation is expected to, among other things, boost areas within the country’s manufacturing and agricultural sectors. The Omnibus legislation is intended to establish a transparent and coherent regime to govern all tax incentives. Dr. Phillips, who was speaking during  an interview with Ian Boyne...

The House of Representatives on Tuesday, November 19, passed the Omnibus legislation, which seeks to establish a transparent and coherent regime to govern all tax incentives. The Bills passed are the Fiscal Incentives (Miscellaneous Provisions) Act; and the Income Tax Relief (Large Scale Projects and Pioneer Industries) Act 2013. The Fiscal Incentives (Miscellaneous Provisions) Act 2013 sets out the reforms...

Tax Administration Jamaica (TAJ) has been stepping up its sensitisation campaign as it gets ready to introduce the mandatory e-filing of tax returns. The system will be implemented on a phased basis, beginning on March 1, 2014 for certain category of persons. Senior Client Relationship Manager, Corporate Services, at the TAJ, Gerrard Edman, said the objective of the new system...

In an inner-city community in the heart of Kingston, faced with economic and social challenges, a number of residents, have been given an opportunity to learn a skill, which will make them more employable, as well as enhance their personal development. Twenty-seven residents of Allman Town, in the vicinity of the National Heroes Circle, have successfully completed a four-day decorative...

As the Government continues to reform the financial sector and strengthen the legislative framework for regulation of the securities industry, proposals have been put forward to amend the Securities Act, to combat the establishment and proliferation of unlawful financial organizations. “Whilst the Financial Services Commission (FSC), in conjunction with other regulatory agencies, used various means of communication to persuade the...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says that the regulatory measures implemented by the Government coming out of the financial crisis of the 1990s, have resulted in “phenomenal growth in size and assets” of the securities sector in Jamaica. “As at December 2002 … there were 26 securities firms with funds under management amounting to $148...

Executive Director of the Financial Services Commission (FSC), Janice Holness, says that the impact of globalization on emerging economies has dictated the need to develop efficient regulatory regimes that can provide vital investor protections. She said that these regulatory regimes should seek to ensure that investors’ interests are promoted through the provision of high quality, reliable, sustainable and sensible regulation....