KPMG in Jamaica Budget Bulletin 2015/16

KPMG in Jamaica Budget Bulletin 2015/16

This bulletin from KPMG in Jamaica provides information on the country’s revenue budget as set out in the budget presentation made on March 12, 2015 by the Minister of Finance & Planning, the Hon. Dr. Peter Phillips, for fiscal year 2015/16.

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  • Increase in individual tax-free threshold
  • Changes in Special Consumption Tax
  • General consumption tax on residential electricity, again
  • Extension of the Environmental Levy
  • Amendment to the Taxation Regime for Life Insurance Companies
  • Withholding Tax on Specified Services
  • Resumption of the Bauxite Levy regime
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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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