- The Jamaican Ministry of Finance and the Public Service presented the 2025-2026 budget speech on March 11
- The budget includes measures to increase the general consumption tax exemption to J$15 million for micro, small, and medium enterprises
- The budget proposes reducing the general consumption tax rate on electricity for post-paid residential customers to 7 percent starting May 1
- An additional 3 percent subsidy will be provided for customers consuming 250kwh or less per month
Source: news.bloombergtax.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.
