Source-cited draft: corporate income tax for Jamaica (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Every figure is drawn from this Tax Guide and cited to its source.
Corporate tax classification and residence basis
Jamaica applies different corporate rates depending on whether a company is 'regulated' (e.g. financial institutions) or 'unregulated'. Companies are taxed on worldwide income if resident.
Unregulated company rate
25%Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income)
Regulated company rate
33 1/3%Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income)
Building society rate
30%Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income)
Life assurance company rate
25%Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income)
Renewable energy IPP rate
25% for independent power producers with 75%+ renewable generationIncome Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income)
Tax base
Worldwide income for tax-resident companies; Jamaica-source income for non-residentsIncome Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income)
WHT on dividends to non-residents
15% (reduced from prior 25% / 33 1/3%)Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes)
WHT on dividends to residents
15%Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes)
WHT on interest to non-residents
15% (non-treaty)Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes)
WHT on royalties to non-residents
33 1/3% (non-treaty)Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes)
WHT on management fees to non-residents
33 1/3% (non-treaty)Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes)
WHT remittance deadline
Within 14 days of the end of the month in which payment is madeIncome Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes)
Corporate income tax return deadline
Annual return (Form IT02) due 15 March of the following yearIncome Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/tax-administration)
Corporate estimated tax
Quarterly instalments (Form IT07) due 15 March, 15 June, 15 September, 15 DecemberIncome Tax Act (https://taxsummaries.pwc.com/jamaica/individual/tax-administration)
Asset tax (financial institutions)
0.25% on taxable assets of deposit-taking institutions, securities dealers and insurersAssets Tax (Specified Bodies) Act (https://taxsummaries.pwc.com/jamaica/corporate/other-taxes)
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
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Other Jamaica computations in the OpenAccountants Tax Library.