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Jamaica proposes accelerated capital allowances for certain expenditures and reduced dividend withholding tax rates

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Jamaica

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  • Jamaica's Minister of Finance announced in the annual budget speech on 11 March 2025 proposals to grant accelerated capital allowances for certain types of capital expenditures incurred during 2025 and 2026.
  • A proposal to reduce the dividend withholding tax rate for nonresidents was also announced, along with various personal taxation and consumption taxation measures.
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