- Jamaica’s 2026-27 budget introduces a new Special Consumption Tax (SCT) on non-alcoholic sweetened beverages to help fund post-hurricane reconstruction.
- SCT rates on cigarettes and alcoholic beverages are increased, effective 1 May 2026.
- The General Consumption Tax (GCT) will now apply to digital services and intangibles supplied from abroad, and the reduced GCT rate on tourism will rise to the standard rate by April 2027.
- Civil servants lose GCT exemption on motor vehicle concessions, generating additional revenue.
- The Environmental Protection Levy (EPL) increases in rate and scope, expected to raise significant funds.
Source: regfollower.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.
Latest Posts in "Jamaica"
- Finance Minister Unveils 2026/27 Budget with New Taxes on Beverages, Digital Services, Tourism
- Government Grants 30-Day Tax Relief on Imports for Hurricane Melissa Recovery Efforts
- Jamaica Waives Import Taxes on Disaster Relief Supplies Until December 31, 2025
- 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
