The Corporate Tax Rate in Jamaica stands at 25 percent. Corporate Tax Rate in Jamaica averaged 28.70 percent from 2005 until 2022, reaching an all time high of 33.33 percent in 2006 and a record low of 25.00 percent in 2013. source: Tax Admministration of Jamaica

Corporate Tax Rate in Jamaica is expected to reach 25.00 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Corporate Tax Rate is projected to trend around 25.00 percent in 2025, according to our econometric models.

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Jamaica Corporate Tax Rate

Related Last Previous Unit Reference
Personal Income Tax Rate 30.00 30.00 percent Dec 2023
Corporate Tax Rate 25.00 25.00 percent Dec 2022
Sales Tax Rate 15.00 15.00 percent Dec 2023
Social Security Rate 19.75 19.75 percent Dec 2023
Social Security Rate For Companies 12.50 12.50 percent Dec 2023
Social Security Rate For Employees 7.25 7.25 percent Dec 2023
Withholding Tax Rate 33.30 33.30 percent Dec 2023

Jamaica Corporate Tax Rate
In Jamaica, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Jamaica.
Actual Previous Highest Lowest Dates Unit Frequency
25.00 25.00 33.33 25.00 2005 - 2022 percent Yearly