Taxes in Jamaica and Payroll Processing Companies

Taxation
This article discusses the current Income tax rates and various Exclusions from tax. It also covers the subject of Payroll processing companies. The latest LCU (Liberty Currency Unit) figures show that Jamaica's total Taxes amount to 192,315,000,000 in 2019. This figure is higher than the minimum value of 2,160,973,000 recorded in 1988. Taxes are levied on individuals' actual or presumptive net income, profits of corporations, and capital gains on land. However, this number excludes the Intragovernmental payments that are eliminated from taxation. Exemptions Depending on your nationality, you can find different exemptions from taxes in Jamaica. If you work in…
Read More
How to Become a CPA in Jamaica

How to Become a CPA in Jamaica

Taxation
The ICAJ, the professional accountancy body in Jamaica, is the only organization in the country with the authority to award the designation of Chartered Accountant. UCC has four-year Bachelor of Science programmes in accountancy. The ICAJ is a member of the International Federation of Accountants. To become a CPA in Jamaica, you must successfully complete the programme at a four-year university. ICAJ is a professional accountancy body in Jamaica The Institute of Chartered Accountants in Jamaica (ICAJ) is the oldest national accountancy institute in the English-speaking Caribbean. It has over 1,300 members and actively represents their interests to government, industry,…
Read More