Jamaica Tax Administration: A Comprehensive Guide for Individuals and Businesses

Introduction

The Jamaica Tax Administration (JTA) is responsible for administering and enforcing Jamaica's tax laws. The JTA's mission is to provide a fair and efficient tax system that supports the country's economic and social development.

Income Tax

Individuals and businesses in Jamaica are subject to income tax. The income tax rates vary depending on the type of income and the taxpayer's residency status.

Residents of Jamaica are taxed on their worldwide income. Non-residents of Jamaica are only taxed on their Jamaican-sourced income.

General Consumption Tax (GCT)

The GCT is a value-added tax (VAT) that is applied to the sale of goods and services in Jamaica. The GCT rate is 16.5%.

Certain goods and services are exempt from the GCT, including food, medicine, and education.

Property Tax

Property tax is a tax that is levied on the ownership of real property in Jamaica. The property tax rate varies depending on the location and value of the property.

Owner-occupied homes are eligible for a property tax exemption of up to J$5 million.

Motor Vehicle Tax

Motor vehicle tax is a tax that is levied on the ownership of motor vehicles in Jamaica. The motor vehicle tax rate varies depending on the type and age of the vehicle.

Electric and hybrid vehicles are eligible for a motor vehicle tax exemption.

Compliance and Penalties

Taxpayers are required to file their tax returns and pay their taxes on time. Failure to comply with the tax laws can result in penalties.

The JTA offers a number of programs and services to assist taxpayers with compliance. These programs and services include:

• Taxpayer education and outreach
• Online tax filing
• Tax payment plans

Contact Information

The JTA can be contacted by phone at 1-888-TAX-HELP (1-888-829-4357) or by email at info@jamaicatax.gov.jm.