Jamaica: Living There - Tax Issues
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Last Updated: Nov 29, 2007
Living There
In Jamaica, a tax rate of 25% is levied on the statutory income of an individual. This means that the taxable income is equal to total income less deductions.
Residents are entitled to a tax-free amount of JMD169,104 (US$2,543). Likewise, there is a JMD45,000 (US$677) allowance granted to taxpayers of old age (65 years old and above). An allowance of JMD45,000 (US$677) is given to taxpayers earning pension income.
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