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.
Please read our terms of service before entering this site.