The Government of Jamaica (GOJ) is implementing a Reverse Income Tax Credit (RITC) which will provide a grant of $20,000 to registered taxpayers who earned less than 3 million dollars during year of assessment 2023. The initiative was launched at the Jamaica Pegasus Hotel in Kingston on Wednesday, October 2, 2024.

The Ministry of Finance and the Public Service and the Jamaica Confederation of Trade Unions (JCTU) concluded the Agreement on items carried over from the implementation of the new Compensation Structure for the Public Service with the signing of a Heads of Agreement on September 12, 2024.

The Government of Jamaica (GOJ) and the Japan International Cooperation Agency (JICA) signed a Memorandum of Cooperation (MOC) for advancing the Jamaica-Japan Partnership Initiative at the Ministry of Finance and the Public Service on Wednesday, July 31, 2024.

The Government of Jamaica, through Harmonisation Limited, an entity within the portfolio of the Ministry of Finance and the Public Service, entirely owned by the Government of Jamaica, has entered into a definitive framework agreement with Tavistock Group Inc. (Tavistock Group) for the development of Harmony Cove as a major integrated resort in Trelawny.

Arising from activation of the Disaster Risk Management Act and the impact of Hurricane Beryl on Jamaica, the Minister of Finance and the Public Service granted approval for goods, which the Commissioner of Customs is satisfied are being imported for relief and rehabilitation, to be relieved of import duty and general consumption tax (GCT), in accordance with item 30B of the Second Schedule to the Customs Tariff and section 47 of the GCT Act, over the period July 4, 2024 through August 23, 2024.

We are very fortunate that Hurricane Beryl did not make landfall in Jamaica as the trajectory of the centre of the hurricane Beryl passed 45 miles south of Kingston and continued just off Jamaica’s south coast. Though there was significant damage in sections of the island, in many other parts, including much of Kingston, the ackees and mangoes remain on the trees