Tax Overview in Jamaica

Tax overview for Jamaica (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Jamaica · tax year 2025 · changed 25 Jun 2026

Not yet approved

Built from the law

Use this skill in your AI.

Free in Claude, Cursor and Slack. Your AI follows it, with sources.

Add to your AI View on GitHub

Key figures: Jamaica, 2025

Every figure is drawn from this skill and cited to its source.

Principal tax authority

Tax Administration Jamaica (TAJ)Revenue Administration ActView source ↗

Currency

Jamaican dollar (JMD / J$)Bank of Jamaica Act

Year of assessment / tax year

Calendar year (1 January to 31 December)Income Tax ActView source ↗

Basis of taxation

Residents taxed on worldwide income; non-residents taxed on Jamaica-source incomeIncome Tax ActView source ↗

Headline personal income tax rates

25% up to JMD 6,000,000 chargeable income; 30% above JMD 6,000,000 (after the tax-free threshold)Income Tax ActView source ↗

Personal income tax-free threshold (2025)

JMD 1,799,376 per annum (JMD 149,948 monthly)Income Tax ActView source ↗

Headline corporate income tax rates

25% unregulated companies; 33 1/3% regulated companies; 30% building societiesIncome Tax ActView source ↗

Value-added tax (GCT)

Yes — General Consumption Tax (GCT), standard rate 15%General Consumption Tax ActView source ↗

The full skill

Jamaica tax system at a glance

Jamaica taxes income on a residence basis and runs a value-added tax called General Consumption Tax (GCT). Tax Administration Jamaica (TAJ) administers most direct and indirect taxes. Figures below are for the 2025 year of assessment and are an unverified draft pending review by a licensed Jamaican accountant.

Principal tax authority — Tax Administration Jamaica (TAJ) (Revenue Administration Act)
Currency — Jamaican dollar (JMD / J$) (Bank of Jamaica Act)
Year of assessment / tax year — Calendar year (1 January to 31 December) (Income Tax Act)
Basis of taxation — Residents taxed on worldwide income; non-residents taxed on Jamaica-source income (Income Tax Act)
Headline personal income tax rates — 25% up to JMD 6,000,000 chargeable income; 30% above JMD 6,000,000 (after the tax-free threshold) % (Income Tax Act)
Personal income tax-free threshold (2025) — JMD 1,799,376 per annum (JMD 149,948 monthly) JMD (Income Tax Act)
Headline corporate income tax rates — 25% unregulated companies; 33 1/3% regulated companies; 30% building societies % (Income Tax Act)
Value-added tax (GCT) — Yes — General Consumption Tax (GCT), standard rate 15% % (General Consumption Tax Act)
Annual income tax return deadline (individuals and companies) — 15 March of the year following the tax year (Income Tax Act)
Estimated/quarterly tax payment dates — 15 March, 15 June, 15 September and 15 December (Income Tax Act)

Work with us

Approval history

Past review records describe the work recorded at the time. The approval shown at the top of this skill applies to the current text.

No historical approval records.

Issue history

No issues recorded.

More Jamaica skills

Payroll Social in Jamaica Income Tax in Jamaica Company Formation in Jamaica Jamaica Gct

See all Jamaica skills →

General reference, not advice on your facts. Check with a professional before you file or pay.

Jamaica tax system at a glance

Principal tax authority — Tax Administration Jamaica (TAJ) (Revenue Administration Act)

Currency — Jamaican dollar (JMD / J$) (Bank of Jamaica Act)

Year of assessment / tax year — Calendar year (1 January to 31 December) (Income Tax Act)

Basis of taxation — Residents taxed on worldwide income; non-residents taxed on Jamaica-source income (Income Tax Act)

Headline personal income tax rates — 25% up to JMD 6,000,000 chargeable income; 30% above JMD 6,000,000 (after the tax-free threshold) % (Income Tax Act)

Personal income tax-free threshold (2025) — JMD 1,799,376 per annum (JMD 149,948 monthly) JMD (Income Tax Act)

Headline corporate income tax rates — 25% unregulated companies; 33 1/3% regulated companies; 30% building societies % (Income Tax Act)

Value-added tax (GCT) — Yes — General Consumption Tax (GCT), standard rate 15% % (General Consumption Tax Act)

Annual income tax return deadline (individuals and companies) — 15 March of the year following the tax year (Income Tax Act)

Estimated/quarterly tax payment dates — 15 March, 15 June, 15 September and 15 December (Income Tax Act)