Jamaica's Minister of Finance, Nigel Clarke, delivered the Budget Presentation for 2024/25 on 12 March 2024. The revenue measures of the budget, which are detailed in a separate Ministry Paper, include the following: An amendment to clarify that the 25% corporate income tax rate applies for companies providing trust and corporate services, which were unintentionally brought within the scope of the 33 1/3% rate for regulated companies in 2021; A reduction in the corporate income tax rate from 33 1/3% to 25% for independent power producers producing 75% or more of their energy from renewable sources; The removal of general...