Jamaica: Tax provisions in 2016-2017 budget

Jamaica: Tax provisions in 2016-2017 budget

The Minister of Finance on 12 May 2016 presented the 2016-2017 budget that includes the following tax proposals:

Related content

  • A proposed increase in the annual individual (personal) income tax threshold 
  • A proposed increase in the individual income tax rate for “high income earners”
  • A proposed increase in the special consumption tax on petrol and on fuel oil, and a new special consumption tax imposed on liquefied natural gas
  • A proposed increase in the special consumption tax on cigarettes
  • A proposed increase in the departure tax

 

Read a May 2016 report [PDF 170 KB] prepared by the KPMG member firm in Jamaica: Jamaica Post Budget Tax Bulletin 2016/17

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