Jamaica's corporate income tax rates, along with other business taxes such as GCT, payroll taxes, withholding tax, property tax, and transfer tax, are essential considerations for businesses operating in the country. By understanding and fulfilling their tax obligations, businesses can ensure compliance with Jamaican tax laws and contribute to the country's economic development. Consulting with a tax professional or referring to the official website of the Tax Administration Jamaica (TAJ) is recommended for the most up-to-date information on tax regulations and requirements in Jamaica.
Jamaica levies corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in Jamaica is progressive, based on the level of taxable income. As of the knowledge cutoff date in September 2021, the tax rates for resident and non-resident companies are as follows:
For detailed and up-to-date information on business taxes in Jamaica, it is recommended to visit the official website of the Tax Administration Jamaica (TAJ), the tax authority responsible for tax administration in the country.
Tax Administration Jamaica (TAJ) Website: Official TAJ Website