- Jamaica will introduce a 15% General Consumption Tax (GCT) on short-term rentals, including those via platforms like Airbnb and Booking, starting April 1, 2027.
- The GCT on tourism activities will increase from 10% to 15%.
- The move aims to boost public spending and tax revenues as tourism grows.
- Future regulations may clarify the responsibilities of digital platform operators regarding GCT collection and remittance.
- Further guidelines from Revenue authorities are expected in the coming months.
Source: 1stopvat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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