Jamaica Increases 2015 Income Tax Threshold
by Mike Godfrey, Tax-News.com, Washington
29 December 2014
Jamaica's personal income tax exempt threshold will rise significantly to JMD557,232 (USD4,877) from January 1, 2015.
The income tax threshold currently stands at JMD 507,312. The Government said the higher threshold will result in a tax saving worth JMD12,480 per person. Income above the threshold is taxed at a rate of 25 percent.
The adjustment in the threshold forms part of the Government's revenue measures tabled in Parliament during the 2014/2015 Budget presentation.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- stockpiling paper »
- Hong Kong Business and Work Culture: All you need to know »
- prospects looking rosy »
- The Diamond Industry in UAE »
- Brexit Ramifications For Ireland »
- Easy guide to starting a home-based business in Ohio »
- unintended consequences »
- Basic Guide to Set up a Home Based Business in Hong Kong »
- Life's never simple »
- Licensing options for payment service provider in UAE »