Government of Jamaica
The Government of Jamaica in collaboration with its multilateral partners have committed to a broader tax reform to be implemented over the medium term.
Historically, the tax system has been characterised by narrow tax bases, distortionary waivers and non-standard incentives which assisted in creating an inequitable tax system with declining revenues (i.e. fiscal deficit). The reform initiatives will seek to broaden the taxable base, reduce tax rates and promote tax equity and economic growth in the economy, within the context of the Economic Reform Programme.
Additionally, the reform will seek to simplify the tax system by promoting efficiency in Tax Administration Jamaica (TAJ) and the Jamaica Customs Agency (JCA) and the ease of doing business in Jamaica.
The reform will seek to simplify the tax system by promoting efficiency.
The purpose of this Note is to provide guidance on the imposition of Environmental Protection Levy (the Levy) on the sale of goods manufactured in Jamaica and reimposition on imports from CARICOM.