The Special Economic Zones Regime | KPMG | JM
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Special Economic Zones Regime Part One

The Special Economic Zones Regime

This publication covers the main tax concessions available to entities in the SEZ regime, while Part II will address issues relating to the transitioning of Free Zone companies to the new regime and the new stringent investment requirements.


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The SEZ Act, 2016, which repeals the Jamaica Export Free Zone Act, was enacted since February 15, 2016, but only came into effect on August 1, 2016.

On a whole the SEZ regime provides a wide range of tax concessions for entities entering that regime but the stringent investment and share capital requirements may prove to be a barrier to entry for some investors.


  • The Special Economic Zones (SEZ) Act, 2016 came into effect on August 1, 2016 
  • Developers and occupants of SEZ to pay income tax at 12.5% or as low as approximately 7.5% if they qualify for certain tax credits 
  • No Customs duty on imported items 
  • No General Consumption Tax (GCT) on imported and local purchases of goods and services

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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