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Digital Assets

What Digital Tax Means for Tourism and Creative Services

Hotels, villa owners, musicians and filmmakers are paid through platforms that net off commissions, refunds and foreign tax before any cash arrives. The deposit is not the revenue, and the tax answer starts with who supplied what to whom. Executive summary Tourism and the creative industries are the Caribbean’s most visible exports, and both now...

When Advertising, SaaS and Royalties Cross a Border

One foreign software invoice can carry two Jamaican taxes at once: withholding on the payment and General Consumption Tax on the import. Which applies, and at what rate, turns on a classification most finance teams never write down.  Executive summary Caribbean businesses now pay foreign vendors for software as a service (SaaS), cloud hosting, online...

Digital Services Taxes and the Price of Gross Revenue

A 2 or 3 per cent tax on revenue sounds modest until it is set against margin. Digital services taxes are expensive for thin-margin businesses, politically costly for the countries that levy them, and a poor fit for small Caribbean economies.  Executive summary A digital services tax (DST) is a tax on the gross revenue...

AML/CFT for VASPs in Jamaica: What the New Guidelines Require

  The AML/CFT/CPF Guidelines are the backbone of the VASP regime. Here is what they require — from the institution-wide risk assessment to customer due diligence, monitoring, record-keeping and reporting to the FID.   In short: of the three instruments in the FSC’s proposed VASP framework, the AML/CFT/CPF Guidelines carry the most weight — they...

The VASP Application Process and Timeline: A Step-by-Step Walkthrough

From first contact with the FSC to a licence in hand, the application runs through predictable stages. Here is each step, how long it takes, and where applications stall.   In short: the VASP licensing journey is not a single submission but a sequence — pre-application engagement, a formal application, a completeness review (proposed at...

Writing a VASP Business Plan the FSC Will Accept

The business plan is where the FSC decides whether your VASP is viable, well-governed and safe to license. Here is what the regulator is really looking for, a structure that works, and the mistakes that trigger delay.   In short: a VASP licence application stands or falls on its business plan. The FSC does not...

How Jamaica’s VASP Framework Compares to MiCA, the UK, Singapore and the Cayman Islands

Jamaica is not regulating virtual assets in a vacuum. Here is how its proposed licensing regime measures up against four of the world’s most influential frameworks — and what that means for operators choosing where to build.   In short: Jamaica’s proposed VASP regime is recognisably part of a global wave. Like the EU’s MiCA,...

The FSC VASP Consultation Explained: Timeline, Instruments and What Happens Next

Jamaica’s Financial Services Commission has opened its proposed VASP licensing regime for public comment. Here is what is on the table, how to respond, and the road from consultation to a live licence.   In short: the FSC published its proposed VASP licensing framework for public consultation on 10 June 2026, with comments due by...

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