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Understanding the New Changes to Payroll Taxes in Jamaica: A Closer Look at the Increased Income Tax Threshold and Exemptions
April 6, 2024by Dr Dawkins Brown
In a significant update to Jamaica’s fiscal policy, the Ministry of Finance and the Public Service has authorized Tax Administration Jamaica (TAJ) to implement pivotal changes to payroll taxes. Effective from April 1, 2024, these adjustments are set to impact a broad spectrum of taxpayers, enhancing exemptions and modifying the income tax threshold to align...
