CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Jamaica Passes Legislation To Improve Tax Collection

Jamaica Passes Legislation To Improve Tax Collection

Mike Godfrey, Tax-News.com, New York

27 June 2013


Jamaica's House of Representatives, on June 19, 2013, passed the Revenue Administration (Amendment) Act, following concerns raised by the Opposition about some of the provisions in the legislation, which seeks to, among other things, bring about significant improvements in the ability of the tax authorities to collect taxes.

In supporting the legislation, Attorney General Patrick Atkinson said it is well known that tax evasion is a major problem in Jamaica.

"It's the PAYE (Pay As You Earn) workers, who bear the brunt of running this country. Principally, what it does is seek to enable the government to be able to collect taxes, which are due. Most Jamaicans pay their taxes, there are a few Jamaicans who think they have a privilege not to pay taxes. In fact they look at their taxes as an inconvenience," Mr. Atkinson said.

The legislation will give the Commissioner General of Tax Administration Jamaica (TAJ) the power to demand useful and usable information in a form appropriate to the individual sectors.

It will also facilitate more efficient and effective exercise of the powers of investigation, audit, assessment collection, and enforcement by TAJ, and improve the quality and usefulness of information supplied to TAJ by various parties on a periodic basis.

The Act also intends to enable more effective exchange of information with Jamaica’s treaty partners under the various double taxation agreements, and ensure that the information provided will allow for Jamaica to meet the international standards of transparency and exchange of information for tax purposes.

Section 2 of the Principal Act is amended by defining a taxpayer to include a person, who is liable to pay a tax pursuant to a revenue law of Jamaica whether or not the person is resident in Jamaica, or may be of relevance to a treaty partner in respect of an international tax agreement.

Leader of the Opposition, Andrew Holness, expressed concern about the definition of a taxpayer given in the Bill.

He argued that it also "stretches the jurisdiction of the Jamaican tax authority to now act as an agent for a foreign state against its citizens."

TAGS: tax | law | audit | Jamaica | enforcement | tax authority | agreements | legislation | standards

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

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 »