~internalAttachments~Jamaica's Minister of Finance announced in the annual budget speech on 11 March 2025 proposals to grant accelerated capital allowances for certain types of capital expenditures incurred during 2025 and 2026.A proposal to reduce the dividend withholding tax rate for nonresidents was also announced, along with various personal taxation and consumption taxation measures.Businesses planning significant capital investments in Jamaica should closely monitor the legislative progress required to implement the accelerated capital allowances. On 11 March 2025, Jamaica's Minister of Finance delivered the annual budget speech, announcing proposals for accelerated capital allowances on specific capital expenditures incurred during 2025 and 2026. Other...