Jamaica Tax Exempt Income

• Income Tax (Amendment) Act: This act exempts non-resident individuals performing group head office activities from income tax.
• Junior Stock Exchange: Companies listed on the Junior Stock Exchange may be granted tax exemptions.
  • 100% exemption from corporate income tax for the first five years.
  • 50% exemption from corporate income tax for the subsequent five years.
• Special Economic Zones: Offer tax benefits, though the specifics of income tax exemptions for foreign investors within these zones would need to be detailed in the Special Economic Zones Act.
• Double Taxation Treaties: These treaties aim to prevent double taxation, potentially leading to income being exempt in Jamaica if it's taxed in another country.
• Other potential exemptions may exist under various incentive acts, including:
  • The Industrial Incentives Act
  • The Export Industry Encouragement Act
  • The Hotel Incentives Act
  • The Shipping Incentives Act
  • The Motion Picture Industry Encouragement Act
  • The Jamaica Export Free Zones Act
  • The Foreign Sales Corporations Act
  • The Cooperative Societies Act
  • The Resort Cottages Act