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Jamaica Amends Property Tax Rate Schedule and Increases Personal Income Tax Threshold

10 April 2017

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Approved Changes

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Jamaica

The Jamaican Ministry of Finance and the Public Service has announced an increase in the personal income tax-free threshold from JMD 1,000,272 to JMD 1,500,096 per annum effective 1 April 2017. Because it is a mid-year change, the effective threshold for the 2017 tax year is prorated at JMD 1,375,140. The annual threshold for the 30% personal income tax rate is unchanged at JMD 6 million. In addition, The Ministry has published the Property Tax (Amendment of Schedules) Order 2017, which amends the property tax rate schedule as follows: up to JMD 400,000 - JMD 1,000 (fixed) over JMD 400,000...