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. --- GOJ LAUNCHES A ONE-TIME INCOME TAX CREDIT FOR TAXPAYERS EARNING LESS THAN 3 MILLION DOLLARS ANNUALLY The Government of Jamaica (GOJ) is implementing a Reverse Income Tax Credit (RITC) which will provide a grant of $20,000 to registered taxpayers who earned less than 3 million dollars during year of assessment 2023. The initiative was launched at the...