
Jamaica Reduced Withholding Tax on Dividends
April 2025To attract foreign capital and repatriate offshore investments, Jamaica has unified the dividend withholding tax rate at 15% for both resident and non-resident entities.
Previously, non-residents faced rates up to 33.33%, while residents were taxed at 15%.
This adjustment aligns the tax treatment and simplifies the investment process for international stakeholders
Jamaica tax rate in 2023
April 2023Jamaica personal Income Tax Rate is 30%.
Sales Tax Rate is 15%
The Corporate Tax Rate is 25%.
Jamaica Business Tax
April 2014Starting April 1, 2014 a new business tax is imposed in Jamaica.
The business tax is imposed on registered companies in Jamaica and individuals exceeding a specific turnover.
The tax is paid twice a year. On June 15 and September 15.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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