Share with your friends

Jamaica: New tax return forms, filing due 15 March 2018

Jamaica: New tax return forms, filing due 15 March 2018

Taxpayers that have not yet filed their income tax returns for the year of assessment 2017 and declarations of estimated income tax for the year of assessment 2018 are reminded that the deadline for filing these documents is 15 March 2018.


Related content

The due date for any income tax due for the year of assessment 2017 and the first quarterly instalment of estimated income tax for the year of assessment 2018 is 15 March 2018.

  • The Tax Administration Jamaica has revised the income tax return forms for 2017 filings.
  • There are mandatory requirements to complete Schedule 8, Declaration of Connected Person Transactions, under the transfer pricing regime.
  • The penalty for late filing of income tax returns is $5,000* per month.
  • The penalty for outstanding minimum business tax is imposed at a rate of 1.5% per month.


Read a January 2018 report [PDF 103 KB] prepared by the KPMG member firm in Jamaica

*$=Jamaican dollar

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal