Americas · Tax guide
Jamaica
Jamaica taxes company profits at 25% and charges General Consumption Tax (GCT) at 15%. Taxes are administered by the Tax Administration Jamaica (TAJ).
At a glance
- Corporate income tax
- 25%
- General Consumption Tax (GCT)
- 15%
- GCT registration
- J$15,000,000
- Withholding on payments abroad
- 33.33%
Higher for regulated companies
Standard rate
Annual turnover
Before treaty relief
Corporate income tax
Companies pay 25%. Regulated companies such as banks and insurers pay a higher rate. Quarterly instalments are paid, and the annual return is due by 15 March.
General Consumption Tax (GCT)
GCT is 15%. Registration is required once annual turnover exceeds J$15,000,000. Returns are filed monthly by the last working day of the following month.
Payments abroad
Payments to non-residents carry 33.33% withholding unless a treaty lowers it.
Key dates
- MonthlyGCT return
- QuarterlyIncome tax instalments
- 15 MarchAnnual income tax return
Figures and sources
4 figures- Corporate income tax rate25%Under professional review
- GCT rate15%Under professional review
- Annual turnover above which GCT registration is requiredJ$15,000,000Under professional review
- Withholding on payments to non-residents33.33%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Jamaica based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Jamaica (a Jamaican tax adviser) before making compliance decisions.