Author: Myesha Broadie

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.

The first increase of $100,000 in the income tax threshold announced by the Government last month takes effect today.

During her contribution to the 2025/2026 budget debate in Parliament on March 11, Finance Minister Fayval Williams said the threshold will gradually increase from $1.7 million to $2 million.

She said the threshold will be increased in three tranches, the first being $1.8 million.

While many Jamaicans welcomed this news, some tax experts warned that the new measure could result in challenges.

Tax company PWC Jamaica, in a review of the budget published on March 12, explained that income tax is imposed by reference to a calendar year of assessment.

It said administratively, increasing the threshold effective April 1, creates greater challenges for employers who are then required to make mid-year adjustments to payroll systems.

It added that taxpayers filing returns will be required to work out composite annual tax-free thresholds for the year.

However, President of the Jamaica Employers’ Federation, Wayne Chen does not see this as a major issue.

He told IRIE FM News that while businesses will have to do some extra work, the advantage is that there will be some sort of tax relief.