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Regardless of your company's status or size, there are some very important tax compliance issues that you need to know about. There are taxes that are specifically applicable to you, such as corporate income tax, property tax, and the General Consumption Tax. In addition, you may also be affected by the Charities Act. Property tax Historically low property tax compliance has been a cause for concern for Jamaicans for decades. However, the reasons for low tax collection have yet to be pinpointed. The literature on property taxation has largely focused on the economics of the tax and its possible benefits.…

Developing a strong and efficient tax planning strategy and management is essential to the success of a Jamaican business. The strategy must focus on tax reduction, tax avoidance, and tax compliance. The strategy should also take into account the unique nature of the Jamaican economy. This means that the strategy must take into account all aspects of the business, including the local business environment, competitiveness, and taxation practices. Withholding tax rates on dividends Various forms of dividends are taxable in Jamaica, including ordinary dividends, interest, and gains. These are charged in accordance with the Jamaican Income Tax Act. However, some…

Whether you are planning to move to Jamaica or you are already there, you will need to make sure that you are aware of the taxes that you are liable to pay. There are many types of taxes that you can expect to pay in Jamaica, including property taxes, payroll taxes, and more. Renting in Jamaica Whether you are an expat or you're just planning a vacation, renting a home in Jamaica can be a rewarding experience. The country offers an abundance of pristine waters and a tropical climate that can be hard to match. Moreover, there's much to do…