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IFRS 17 in Jamaica: Reimagining Insurance Accounting through a Tax Lens
July 4, 2025by Dr Dawkins Brown
The implementation of IFRS 17 Insurance Contracts, effective January 1, 2023, marks a watershed moment for the insurance industry in Jamaica. Developed by the International Accounting Standards Board (IASB), IFRS 17 introduces a consistent framework for recognizing, measuring, presenting, and disclosing insurance contracts. However, its adoption carries significant tax implications, prompting Tax Administration Jamaica (TAJ)...
