Jamaica Tax Overview

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)