Government launches $11.5B reverse income tax credit regime, which will offer one off $20,000 payments to Jamaicans earning less than $3M annually

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

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Business establishment in Mandeville destroyed by fire early this morning

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

MGIS project extended to 23 primary schools

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

Police to use all resources to bring perpetrators of Westmoreland quadruple killing to justice

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

MP for Trelawny Northern Tova Hamilton refutes claims of neglecting her constituents’ needs

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

Body of man who was washed away in river in St Mary 2 weeks ago found today  

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

3 dead after being hit by motor vehicles in separate incidents

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

NWA deploys team to clear Castleton Main Road, in St. Mary

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

Jamaicans in Florida bracing for “potentially catastrophic” Hurricane Helene

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More

JPS restoring electricity to customers in western parishes who lost power due to severe weather 

Registered Jamaican taxpayers who earn $3 million or less can now apply for a one-off reverse income tax credit payment of $20,000.

The reverse income tax credit regime was launched by the Finance Ministry this morning.

The qualifying tax year is 2023.

Some 580,000 self-employed and PAYE residents are expected to benefit from the $11.4 billion program.

They can apply online via the Tax Administration Jamaica (TAJ) website.

The deadline for applications is January 2, 2025.

Payouts to successful applicants are expected to be made through remittance agencies and local banks before March 31 next year.

Speaking at this morning’s launch, Finance Minister Dr. Nigel Clarke stated that the regime shows the government cares about hard working, tax-paying Jamaicans.

He said the fruits of macro-economic stability belong to all Jamaicans.

Read More