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Economy | TAX REFORM

Reduce transfer taxes, stamp duties and estate taxes

Achieved

Source: Jamaica Labour Party Manifesto pg.6 February 18, 2016

Friday May 10, 2019 | Jamaica Information Service

Get the Facts – New Tax Initiatives

Jamaicans on April 1 began experiencing the impact of several new tax measures as announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke in opening the 2019/20 budget debates at Gordon House in Kingston on March 7th. These included: the abolishment of the Minimum Business Tax, Stamp Duty reduction, a reduction in Transfer Tax and an increase in the Transfer Tax Threshold.