Jamaica's Minister of Finance, Fayval Williams, delivered the Budget Presentation for 2025/2026 on 11 March 2024. The revenue measures of the budget, which are detailed in a separate Ministry Paper, include the following: An increase in the General Consumption Tax (CGT) registration threshold from JMD 10 million to JMD 15 million with effect from 1 April 2025; New GCT rules for electricity from 1 May 2025, including a reduction in the GCT rate from 15% to 7% for pre- and post-paid residential customers along with certain credits and subsidies, with the 15% GCT rate maintained for commercial customers (pre- and...