Jamaica's Tax Administration (TAJ) recently published a tax bulletin containing a Technical Advisory dated 28 April 2022 on the Tax Implications Advance Payments/Receipts. The technical advisory clarifies the concept of "earned income" and "income arising or accruing to a person" and, in particular, the TAJ's policy on the accepted income tax treatment for advanced rent. The advisory concerns a 15-year lease agreement, the terms of which stipulated that the 15th year rent was to be paid upon possession of the leased premises. Given that the Income Tax Act (ITA) is silent on exactly when advanced income received should be taxed,...