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Jamaica: Tax measures in 2019/2020 budget

Jamaica: Tax measures in 2019/2020 budget

The 2019-2020 budget, presented in early March 2019, proposed the following tax measures:


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  • An increase to the annual general consumption tax threshold
  • Reform of the stamp tax (duty) regime
  • Reduced transfer tax that is payable on the transfer of real property and financial instruments
  • An increase in the estate tax threshold
  • Repeal of the minimum business tax
  • Modification of the asset tax

Read a 2019 report [PDF 5 MB] prepared by the KPMG member firm in Trinidad and Tobago

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