Jamaica: Tax, special economic zone regime | KPMG | GLOBAL

Jamaica: Tax, customs incentives for special economic zone regime

Jamaica: Tax, special economic zone regime

The Special Economic Zone Act, 2016, repealing the Jamaica Export Free Zone Act and effective 1 August 2016, includes tax and customs incentives for qualifying entities.


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Developers and occupants of a special economic zone may pay tax on income at a rate of 12.5% (or an income tax rate as low as approximately 7.5% if they qualify for certain tax credits). There is no customs duty on items imported into the special economic zone, and no general consumption tax applies on imported and local purchases of goods and services.


Read an October 2016 report [PDF 305 KB] prepared by the KPMG member firm in Jamaica: The Special Economic Zones Regime

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