Jamaica's Ministry of Finance and the Public Service recently announced the implementation of a Reverse Income Tax Credit, which is a one-time tax credit of JMD 20,000 for individuals who earned less than JMD 3 million during the year of assessment 2023.

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GOJ LAUNCHES A ONE-TIME INCOME TAX CREDIT FOR TAXPAYERS EARNING LESS THAN 3 MILLION DOLLARS ANNUALLY

The Government of Jamaica (GOJ)…