Jamaica announces 2024-2025 budget
On 12 March 2024, the Jamaican government presented the 2024-2025 budget without new tax measures. However, the 2024-2025 budget did have a proposal for the implementation of the Qualified Domestic Minimum Top-Up Tax (QDMTT) under the global minimum
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Jamaica set to implement Pillar 2 qualified domestic minimum top-up tax
On 31 October 2023, Mrs. Marlene Nembhard-Parker, Deputy Commissioner General, Legal Support Services of Tax Administration Jamaica said that Jamaica plans to introduce a Qualified Domestic Minimum Top-up Tax (QDMTT) under the OECD Pillar 2 Global
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Jamaica: TAJ reminds tax filing deadline for the tax year 2022
On 2 February 2023, Tax Administration Jamaica (TAJ) reminded the taxpayers that the income tax filing deadline is 15 March 2023. The taxpayers are being reminded that filing their annual income tax return for the year 2022 and declaring their
See MoreJamaica: TAJ reminds tax filing deadline for the tax year 2021
On 8 February 2022, Tax Administration Jamaica (TAJ) has announced that the income tax filing deadline is 15 March 2022. TAJ reminds both individual and corporate taxpayers to file the income tax return for the year 2021 and to declare their
See MoreJamaica joins CRS Multilateral Competent Authority Agreement
On 31 January 2022, the Organization for Economic Co-operation and Development (OECD) published an update regarding signatories of the multilateral competent authority agreement (MCAA) on automatic exchange of financial account information and
See MoreJamaica: TAJ extends tax filing deadline due to COVID-19 pandemic
On 11 March 2021, Tax Administration Jamaica (TAJ) issued a press release extending the tax filing deadline due to COVID-19. TAJ extends the income tax filing deadline from 15 March 2021 to 31 March 2021. This means that companies, partnerships,
See MoreJamaica extends tax filing deadline due to COVID-19 pandemic
On 12 March 2020, Tax Administration Jamaica (TAJ) issued a press release extending the tax filing deadline due to COVID-19 pandemic. TAJ extends the income tax filing deadline from 15 March 2020 to Wednesday, 25 March 2020. This means that
See MoreJamaica: TAJ publishes practice note on final version of transfer pricing agreement
Tax Administration Jamaica (TAJ) recently published the final version of a Transfer Pricing Agreement (TPA) Practice Note. The purpose of the Practice Note is to provide taxpayers and tax officials with guidance on transfer pricing agreements in
See MoreJamaica: TAJ extends the deadline for filing income tax returns until 24 March 2018
On 15 March 2018, the Tax Administration of Jamaica (TAJ) announced that the deadline to file final income tax returns for year of assessment 2017 and Estimated Income and Asset Tax Returns for year of assessment 2018 has been extended until
See MoreJamaica and five more countries sign MLI to implement tax treaty related BEPS measures
On 24 January 2018, the Ministers and high-level officials from Jamaica, Malaysia, Panama, Barbados, Côte d’Ivoire and Tunisia have signed the BEPS Multilateral instrument (MLI) to amend double tax treaties to bring into effect changes designed
See MoreJamaica: TAJ revised the income tax return forms and due date
Tax Administration Jamaica wishes to advise that the deadline to file Final Income Tax Returns forms for the year of assessment 2017 has been extended until 15 March 2018. TAJ also stated that the revisions are improvements which will allow the
See MoreU.S. and Jamaica sign an agreement on the exchange of country-by-country reports
According to an IRS announcement on its website, the competent authorities of the U.S. and Jamaica have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of
See MoreJamaica extended the income tax return filing deadline
Jamaica’s tax administration has announced the deadline to file final income tax returns for the year of assessment 2016 n 15 March 2017 and the estimated returns for the year of assessment 2017 has been extended until 25 March
See MoreJamaica:TAJ reminds of income tax returns deadline
Tax Administration Jamaica (TAJ) is reminding taxpayers to need to file their income tax returns for the year of assessment 2016 by 15 March 2017, and are to make declarations of estimated tax for the year of assessment 2017 also by 15 March
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