JIS News

Story Highlights

  • Tax Administration Jamaica (TAJ) is to begin paying Income Tax refunds directly into bank accounts, instead of making payments by cheques.
  • The TAJ says an Electronic Funds Transfer (EFT) Project is now being piloted to accommodate this change.
  • Beginning August 2014, individuals claiming a PAYE Income Tax refund, including pensioners, will be required to submit their banking details in order to receive their refunds electronically.

Tax Administration Jamaica (TAJ) is to begin paying Income Tax refunds directly into bank accounts, instead of making payments by cheques.

The TAJ says an Electronic Funds Transfer (EFT) Project is now being piloted to accommodate this change.

Beginning August 2014, individuals claiming a PAYE Income Tax refund, including pensioners, will be required to submit their banking details in order to receive their refunds electronically.

In an interview with JIS News, Communications Officer at the TAJ, Chante Erskine, said this move will add to a higher level of efficiency at the TAJ as well as less cost to the Government.

She noted that individuals applying for an Income Tax refund, are therefore, advised to complete the standard Government of Jamaica (GoJ) Client Information Form, reflecting their bank information. This is to be submitted along with their Income Tax form (IT05) when applying for a refund.  Taxpayers should also provide documents verifying their bank account number and type of account.

“The bank information is necessary, as any payment due will be made directly to a commercial bank account, using the EFT system,” Ms. Erskine said.

Additionally, the TAJ says the GoJ claim forms can be completed online and are available at its website: www.jamaicatax.gov.jm; at the TAJ Refunds Section located at 116 East Street, Kingston; as well as at Tax Offices islandwide.

Ms. Erskine said the move will benefit the TAJ by “providing a more cost-effective method of making payment of refunds, reduction in processing time of refund payments, easy access and retrieval of records to show that a refund was paid, and reduction in the number of walk-in customers to collect cheques.”

For the month of August, the project will be undertaken in a pilot phase and the TAJ will only focus on its Refunds Unit. However, in September the project will be expanded to include claims received at any of the 29 tax offices islandwide.

The Electronic Funds Transfer project will be further extended in 2015 to include GCT refunds.