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The TAJ’s Transitional Tax Regime — Managing the IFRS 17 Impact Over Ten Years
July 4, 2025by Dr Dawkins Brown
The adoption of IFRS 17 Insurance Contracts has brought sweeping changes to how insurers measure and recognize revenue. While these changes improve transparency and comparability in financial reporting, they also introduce volatility in taxable income—especially in the year of transition. Recognizing this, Tax Administration Jamaica (TAJ) issued a Technical Advisory (#022924/01/IT) outlining a 10-year transitional...
