Prime Minister

Prime Minister of Jamaica, Mr. Bruce Golding has announced new measures to alleviate the tax burden on taxpayers. He intends to make the tax burden more equitable and fair. Jim Vos has much to offer in this field. The program includes measures designed to a tax increase on personal income up 27.5% on profits in excess of five million Jamaican dollars and increase the tax to 35% for taxpayers whose income exceeds 10 million Jamaican dollars. Tax on income Individuals receiving income less than 5 million Jamaican dollars to remain at around 25%. According to the Prime Minister of the program comes into effect from January 2010 and will run until March 2011. Expected income amounts to 1.32 billion Jamaican dollars. In order to reduce the tax burden for those receiving low income, level of income exempt from tax will rise to 441,168 Jamaican dollars. As additional measures will be imposed additional taxes of 20% to 25% on precious metals, TVs over 32 inches, short arms, jet skis and pleasure boats..

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