Omnibus Tax Incentives
Reduce Corporate Income Tax
Access 30% employment tax credit when you file your taxes in full and on time.
Claim 100% tax credit when you pay statutory taxes in full and on time.
Access capital allowance on industrial properties when you submit your annual returns.
Carry forward up to 50% of your losses into the following tax year.
Reduce Stamp Duty
Manufacturing or agricultural companies may receive Value Added Tax (VAT) or General Consumption Tax (GCT) relief.
Registered manufacturers may receive 50% discount on Customs Administration fees and a deferment on GCT.
Avoid import costs and stamp duties on specific items through the Productive Inputs Relief (PIR).
Special Economic Zone
In Jamaica, a Special Economic Zone (SEZ) is a specific geographical area in which the business and trade laws are different from the rest of Jamaica.
Through the Special Economic Zones Act, approved SEZ developers enjoy a range of incentives.

Tax Relief for Headquarter Operation

Establish your HQ in Jamaica and get exempted from Personal Income Tax for expatriate employees:

Employ more than 29% of Jamaicans in your operations
Execute supervision and management of company operation
Execute centralized treasury management and funding activities, among others.
Contact the Ministry of Finance & Public Serve to access more information

Tax Exemption for Junior Stock Market Listing

Companies listed on the Junior Stock Exchange are automatically exempted from:

100% of Corporate Income Tax in the first 5 years from the date of admission to the Junior Market.
50% of the Corporate Income Tax in the following five (5) years.
No application is required, once the company is listed on the Junior Stock Exchange

Tax Relief for Designated Development Areas

‘Companies which undertake development within the designated Special Development Areas, may benefit from:

Urban Renewal Bonds
33.3% investment tax credit
Tax free rental income
Exemption from transfer tax and stamp duties on the ‘improved’ property.
Contact Jamaica’s Urban Development Corporation to access more information

Tax Relief for Bauxite and Alumina Industries

Recognized bauxite & alumina producers can benefit from:

Import duty concessions on lubricating oils, grease and other related chemicals, except petrol.
Exemptions on import duties and Value Added Tax -General Consumption Tax on productive inputs.
Exemptions on other port related taxes and charges, when importing productive inputs.
Click here to access more information