On 12 July 2018, Tax Administration Jamaica (TAJ) released the final version of the Transfer Pricing Agreement Practice Note as finalized in June 2018. The Practice Note seeks to provide taxpayers and tax administrators with guidance on advance pricing agreements in accordance with the transfer pricing rules that were enacted in November 2015. Any taxpayer subject to the transfer pricing rules in section 17 of the Income Tax Act of Jamaica may request a transfer pricing agreement (TPA, i.e. the equivalent of APAs in other jurisdictions). The TPA is a negotiated agreement between a taxpayer and TAJ, which identifies, in...