The Tax Administration of Jamaica released Advisory Guide No. 051622/01/GCT-TA covering issues affecting the time of supply as a result of the change to the 15% GCT rate.
General consumption tax (GCT) is a value-added tax (VAT) imposed on the supply of products or services within Jamaica which exceeds the annual turnover threshold and on the importation of goods into Jamaica. Currently, the annual GCT registration threshold is JMD 10 million.
Source GVC
Latest Posts in "Jamaica"
- TAJ Extends GCT Form 4A Filing Deadline to July 4, 2025; Payment Due June 30, 2025
- Jamaica’s 2025-2026 Budget: GCT Exemption Increase, Electricity Tax Reduction for Residential Customers
- GCT Reform for Residential Electricity: Minister’s Announcement
- Jamaica Raises GCT Registration Threshold in 2025-26 Budget
- Jamaica’s Tax Amnesty: Waiving Interest and Penalties for Outstanding Taxes by March 31, 2025
