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Jamaica Planning to Increase Personal Income Tax Exemption Threshold

16 February 2024

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Proposed Changes

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Jamaica

The Jamaican government is reportedly planning to increase the personal income tax exemption (tax-free) threshold. Currently, the exemption threshold is JMD 1.5 million per annum. The exact increase in threshold is uncertain, although the government had considered a threshold of JMD 2.2 million in 2023. Further details will be published once available.